Watervliet, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Watervliet Neighborhoods Since 2000




Watervliet, 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

Watervliet Housing Market Information

With 10,214 people, 4,749 houses or apartments, and a median cost of homes of $137,908, house prices in Watervliet are solidly below the national average.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Watervliet, accounting for 52.89% of the city's housing units. Other types of housing that are prevalent in Watervliet include single-family detached homes ( 24.42%), large apartment complexes or high rise apartments ( 21.27%), and a few row houses and other attached homes ( 1.43%). 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.

People in Watervliet primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Watervliet has a mixture of owner-occupied and renter-occupied housing.

The housing in Watervliet was primarily built before 1939 ( 65.21%), making the housing stock in Watervliet some of the oldest overall in America, although there is a range of ages of homes in Watervliet. The next most important housing age is between 1970-1999 ( 15.83%), followed by between 1940-1969 ( 15.29%). There's also some housing in Watervliet built between 2000 and later ( 3.68%).

Vacant housing appears to be an issue in Watervliet. Fully 10.93% of the housing stock is classified as vacant. Left unchecked, vacant Watervliet homes and apartments can be a drag on the real estate market, holding Watervliet 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.

Watervliet Home Appreciation Rates

Real estate appreciation rates in Watervliet's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.26% during the period.

Over the last year, Watervliet appreciation rates have trailed the rest of the nation. In the last twelve months, Watervliet's appreciation rate has been 0.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Watervliet were at 0.82%, which equates to an annual appreciation rate of 3.32%.

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

Average Home Values

 

Median Home Value:
$137,908

Watervliet, NY HOME PRICES

Value Range
> $1,033,000 0.6
$775,001 - $1,033,000 0.5
$517,001 - $775,000 1.1
$414,001 - $517,000 0.0
$310,001 - $414,000 0.1
$207,001 - $310,000 10.5
$103,001 - $207,000 59.5
$52,001 - $103,000 23.9
$0 - $52,000 3.8

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
55.8010078518692 64.5342312008979

Number Of Homes And Apartments:
4,749

Watervliet 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
67.44% 3.03% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$991 / per month

Homeownership Rate

Homeownership
Owners 40.40
Renters 59.60
Vacant 10.93

Housing Market Details

 

Age of Homes

AGE OF Watervliet HOMES
2000 or Newer 3.7
1970 - 1999 15.8
1940 - 1969 15.3
1939 or Older 65.2

Types of Homes

TYPE OF Watervliet HOMES
Single-Family 24.4
Townhomes 1.4
Small Apt. Buildings 52.9
Apt. Complexes 21.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Watervliet HOMES
No Bedroom 0.19
1 Bedroom 20.57
2 Bedrooms 28.99
3 Bedrooms 38.05
4 Bedrooms 8.18
5 or more bedrooms 4.01