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 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.
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.
|$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|
|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 Wappingers Falls HOMES|
|2000 or Newer||14.0|
|1970 - 1999||29.6|
|1940 - 1969||24.4|
|1939 or Older||31.9|
|TYPE OF Wappingers Falls HOMES|
|Small Apt. Buildings||29.8|
|SIZE OF Wappingers Falls HOMES|
|5 or more bedrooms||3.33|