Rensselaer, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rensselaer Neighborhoods Since 2000




Rensselaer, NY Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Rensselaer Housing Market Information

With 9,433 people, 4,235 houses or apartments, and a median cost of homes of $143,325, Rensselaer real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Rensselaer, accounting for 35.15% of the city's housing units. Other types of housing that are prevalent in Rensselaer include duplexes, homes converted to apartments or other small apartment buildings ( 34.33%), large apartment complexes or high rise apartments ( 25.55%), and a few row houses and other attached homes ( 4.97%).

People in Rensselaer primarily live in small (one, two or no bedroom) single-family detached homes. Rensselaer has a mixture of owner-occupied and renter-occupied housing.

The housing in Rensselaer was primarily built before 1939 ( 50.58%), making the housing stock in Rensselaer some of the oldest overall in America, although there is a range of ages of homes in Rensselaer. The next most important housing age is between 1970-1999 ( 18.69%), followed by between 2000 and later ( 16.51%). There's also some housing in Rensselaer built between 1940-1969 ( 14.23%).

Vacant housing appears to be an issue in Rensselaer. Fully 10.48% of the housing stock is classified as vacant. Left unchecked, vacant Rensselaer homes and apartments can be a drag on the real estate market, holding Rensselaer 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.

Rensselaer Home Appreciation Rates

Real estate appreciation rates in Rensselaer's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.49% during the period.

Over the last year, Rensselaer appreciation rates have trailed the rest of the nation. In the last twelve months, Rensselaer's appreciation rate has been 1.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rensselaer were at 0.82%, which equates to an annual appreciation rate of 3.32%.

Relative to New York, our data show that Rensselaer's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$143,325

Rensselaer, NY HOME PRICES

Value Range
> $1,036,000 0.0
$777,001 - $1,036,000 0.0
$518,001 - $777,000 0.0
$414,001 - $518,000 0.0
$311,001 - $414,000 1.2
$207,001 - $311,000 14.8
$103,001 - $207,000 53.4
$52,001 - $103,000 23.0
$0 - $52,000 7.7

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
53.1231688737841 62.5140291806959

Number Of Homes And Apartments:
4,235

Rensselaer Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
69.23% 3.10% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,200 / per month

Homeownership Rate

Homeownership
Owners 44.00
Renters 56.00
Vacant 10.48

Housing Market Details

 

Age of Homes

AGE OF Rensselaer HOMES
2000 or Newer 16.5
1970 - 1999 18.7
1940 - 1969 14.2
1939 or Older 50.6

Types of Homes

TYPE OF Rensselaer HOMES
Single-Family 35.2
Townhomes 5.0
Small Apt. Buildings 34.3
Apt. Complexes 25.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Rensselaer HOMES
No Bedroom 1.63
1 Bedroom 23.42
2 Bedrooms 38.28
3 Bedrooms 26.15
4 Bedrooms 8.60
5 or more bedrooms 1.92