Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 1,990 people, 818 houses or apartments, and a median cost of homes of $270,336, Red Hook real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Red Hook, accounting for 59.64% of the village's housing units. Other types of housing that are prevalent in Red Hook include large apartment complexes or high rise apartments ( 19.91%), duplexes, homes converted to apartments or other small apartment buildings ( 17.88%), and a few row houses and other attached homes ( 2.57%).
People in Red Hook primarily live in small (one, two or no bedroom) single-family detached homes. Red Hook has a mixture of owner-occupied and renter-occupied housing.
The housing in Red Hook was primarily built before 1939 ( 30.09%), making the housing stock in Red Hook some of the oldest overall in America, although there is a range of ages of homes in Red Hook. The next most important housing age is between 1970-1999 ( 26.98%), followed by between 1940-1969 ( 25.05%). There's also some housing in Red Hook built between 2000 and later ( 17.88%).
Vacant housing appears to be an issue in Red Hook. Fully 12.42% of the housing stock is classified as vacant. Left unchecked, vacant Red Hook homes and apartments can be a drag on the real estate market, holding Red Hook real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Red Hook's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Red Hook during the period has been just -1.81%, which is lower than 80% of US communities.
Over the last year, Red Hook appreciation rates have trailed the rest of the nation. In the last twelve months, Red Hook's appreciation rate has been 2.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Red Hook were at 0.66%, which equates to an annual appreciation rate of 2.68%.
Relative to New York, our data show that Red Hook's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.
One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Red Hook differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Red Hook - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Red Hook real estate investment or home purchase decisions.
|$794,001 - $1,058,000||0.0|
|$529,001 - $794,000||0.0|
|$423,001 - $529,000||1.9|
|$317,001 - $423,000||23.4|
|$212,001 - $317,000||60.5|
|$106,001 - $212,000||10.9|
|$53,001 - $106,000||0.0|
|$0 - $53,000||2.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Red Hook HOMES|
|2000 or Newer||17.9|
|1970 - 1999||27.0|
|1940 - 1969||25.1|
|1939 or Older||30.1|
|TYPE OF Red Hook HOMES|
|Small Apt. Buildings||17.9|
|SIZE OF Red Hook HOMES|
|5 or more bedrooms||3.10|