Tupper Lake, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tupper Lake, 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

Tupper Lake Housing Market Information

With a population of 3,577, 1,595 total housing units (homes and apartments), and a median house value of $132,333, house prices in Tupper Lake are solidly below the national average.

Single-family detached homes are the single most common housing type in Tupper Lake, accounting for 67.17% of the village's housing units. Other types of housing that are prevalent in Tupper Lake include duplexes, homes converted to apartments or other small apartment buildings ( 15.13%), large apartment complexes or high rise apartments ( 11.34%), and a few mobile homes or trailers ( 4.60%).

The most prevalent building size and type in Tupper Lake are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 59.76% owning and 40.24% renting.

The housing in Tupper Lake was primarily built before 1939 ( 39.95%), making the housing stock in Tupper Lake some of the oldest overall in America, although there is a range of ages of homes in Tupper Lake. The next most important housing age is between 1940-1969 ( 32.83%), followed by between 1970-1999 ( 23.05%). There's also some housing in Tupper Lake built between 2000 and later ( 4.17%).

Vacant housing appears to be an issue in Tupper Lake. Fully 14.71% of the housing stock is classified as vacant. Left unchecked, vacant Tupper Lake homes and apartments can be a drag on the real estate market, holding Tupper Lake 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.

Tupper Lake Home Appreciation Rates

Appreciation rates for homes in Tupper Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.42%, which ranks in the top 30% nationwide. This equates to an annual average Tupper Lake house appreciation rate of 0.90%.

Over the last year, Tupper Lake appreciation rates have trailed the rest of the nation. In the last twelve months, Tupper Lake's appreciation rate has been 2.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tupper Lake were at -0.56%, which equates to an annual appreciation rate of -2.23%.

Notably, Tupper Lake's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Tupper Lake's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$132,333

Tupper Lake, NY HOME PRICES

Value Range
> $1,058,000 0.0
$794,001 - $1,058,000 0.7
$529,001 - $794,000 1.0
$423,001 - $529,000 1.0
$317,001 - $423,000 3.9
$211,001 - $317,000 12.2
$106,001 - $211,000 43.0
$53,001 - $106,000 31.6
$0 - $53,000 6.6

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
58.5638110863706 67.7890011223345

Number Of Homes And Apartments:
1,595

Tupper Lake 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
66.51% 3.00% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$849 / per month

Homeownership Rate

Homeownership
Owners 59.76
Renters 40.24
Vacant 14.71

Housing Market Details

 

Age of Homes

AGE OF Tupper Lake HOMES
2000 or Newer 4.2
1970 - 1999 23.0
1940 - 1969 32.8
1939 or Older 39.9

Types of Homes

TYPE OF Tupper Lake HOMES
Single-Family 67.2
Townhomes 1.8
Small Apt. Buildings 15.1
Apt. Complexes 11.3
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Tupper Lake HOMES
No Bedroom 5.72
1 Bedroom 8.29
2 Bedrooms 26.20
3 Bedrooms 48.40
4 Bedrooms 9.25
5 or more bedrooms 2.14

Popular Neighborhoods in Tupper Lake

Zip Codes in Tupper Lake, NY