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 65,305 people, 24,087 houses or apartments, and a median cost of homes of $104,807, house prices in Schenectady are solidly below the national average.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Schenectady, accounting for 43.20% of the city's housing units. Other types of housing that are prevalent in Schenectady include single-family detached homes ( 37.88%), large apartment complexes or high rise apartments ( 16.50%), and a few row houses and other attached homes ( 2.20%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
The most prevalent building size and type in Schenectady are three and four bedroom dwellings. The city has a mixture of owners and renters, with 45.85% owning and 54.15% renting.
The housing in Schenectady was primarily built before 1939 ( 58.87%), making the housing stock in Schenectady some of the oldest overall in America, although there is a range of ages of homes in Schenectady. The next most important housing age is between 1940-1969 ( 24.66%), followed by between 1970-1999 ( 15.01%). There's also some housing in Schenectady built between 2000 and later ( 1.46%).
Vacant housing appears to be an issue in Schenectady. Fully 23.21% of the housing stock is classified as vacant. Left unchecked, vacant Schenectady homes and apartments can be a drag on the real estate market, holding Schenectady 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.
Schenectady's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Schenectady during the period has been just -0.87%, which is lower than 70% of US communities.
Over the last year, Schenectady appreciation rates have trailed the rest of the nation. In the last twelve months, Schenectady's appreciation rate has been 1.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Schenectady were at 0.82%, which equates to an annual appreciation rate of 3.32%.
Relative to New York, our data show that Schenectady's latest annual appreciation rate is lower than 60% 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 city. Individual neighborhoods within Schenectady differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Schenectady - 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 Schenectady real estate investment or home purchase decisions.
|$766,001 - $1,021,000||0.6|
|$511,001 - $766,000||0.1|
|$408,001 - $511,000||0.6|
|$306,001 - $408,000||1.5|
|$204,001 - $306,000||3.8|
|$102,001 - $204,000||48.1|
|$51,001 - $102,000||37.7|
|$0 - $51,000||7.0|
|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 Schenectady HOMES|
|2000 or Newer||1.5|
|1970 - 1999||15.0|
|1940 - 1969||24.7|
|1939 or Older||58.9|
|TYPE OF Schenectady HOMES|
|Small Apt. Buildings||43.2|
|SIZE OF Schenectady HOMES|
|5 or more bedrooms||3.27|