Wappingers Falls, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Wappingers Falls Neighborhoods Since 2000




Wappingers Falls, 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

Wappingers Falls Housing Market Information

With 5,552 people, 2,023 houses or apartments, and a median cost of homes of $196,329, Wappingers Falls real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Wappingers Falls, accounting for 32.53% of the village's housing units. Other types of housing that are prevalent in Wappingers Falls include duplexes, homes converted to apartments or other small apartment buildings ( 29.76%), single-family detached homes ( 23.93%), and a few row houses and other attached homes ( 12.05%). This particular housing mix is relatively uncommon and characteristic of villages that are compact and walkable, and which often have a lively downtown.

Wappingers Falls is dominated by renter-occupied one, two, or no bedrooms apartments. 68.03% of Wappingers Falls's dwellings are rentals.

The housing in Wappingers Falls was primarily built before 1939 ( 31.88%), making the housing stock in Wappingers Falls some of the oldest overall in America, although there is a range of ages of homes in Wappingers Falls. The next most important housing age is between 1970-1999 ( 29.63%), followed by between 1940-1969 ( 24.45%). There's also some housing in Wappingers Falls built between 2000 and later ( 14.04%).

Vacant housing appears to be an issue in Wappingers Falls. Fully 12.61% of the housing stock is classified as vacant. Left unchecked, vacant Wappingers Falls homes and apartments can be a drag on the real estate market, holding Wappingers Falls 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.

Wappingers Falls Home Appreciation Rates

Homes have actually lost value in Wappingers Falls over the last then years, as home values have seen a decline of 30.36% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Wappingers Falls home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Wappingers Falls's appreciation rate, at 4.37%, has been at or slightly above the national average. In the latest quarter, Wappingers Falls's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Wappingers Falls's latest annual appreciation rate is higher than 70% 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 Wappingers Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wappingers Falls - 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 Wappingers Falls real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$196,329

Wappingers Falls, NY HOME PRICES

Value Range
> $1,026,000 0.0
$770,001 - $1,026,000 0.0
$513,001 - $770,000 3.2
$411,001 - $513,000 3.3
$308,001 - $411,000 7.8
$205,001 - $308,000 33.5
$103,001 - $205,000 38.3
$51,001 - $103,000 12.5
$0 - $51,000 1.5

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
33.1770772295793 45.2300785634119

Number Of Homes And Apartments:
2,023

Wappingers Falls 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
27.04% 1.40% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,708 / per month

Homeownership Rate

Homeownership
Owners 31.97
Renters 68.03
Vacant 12.61

Housing Market Details

 

Age of Homes

AGE OF Wappingers Falls HOMES
2000 or Newer 14.0
1970 - 1999 29.6
1940 - 1969 24.4
1939 or Older 31.9

Types of Homes

TYPE OF Wappingers Falls HOMES
Single-Family 23.9
Townhomes 12.1
Small Apt. Buildings 29.8
Apt. Complexes 32.5
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Wappingers Falls HOMES
No Bedroom 21.04
1 Bedroom 17.19
2 Bedrooms 32.44
3 Bedrooms 23.93
4 Bedrooms 2.07
5 or more bedrooms 3.33