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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Watervliet, NY Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Watervliet, NY Housing Market Trends

With 10,219 people, 5,277 houses or apartments, and a median cost of homes of $189,192, 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 53.30% of the city's housing units. Other types of housing that are prevalent in Watervliet include single-family detached homes ( 26.31%), large apartment complexes or high rise apartments ( 19.04%), and a few row houses and other attached homes ( 1.35%). 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.

Watervliet is dominated by renter-occupied one, two, or no bedrooms apartments. 67.67% of Watervliet's dwellings are rentals.

The housing in Watervliet was primarily built before 1939 ( 54.92%), 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 1940-1969 ( 21.39%), followed by between 1970-1999 ( 20.03%). There's also some housing in Watervliet built between 2000 and later ( 3.67%).

Vacant housing appears to be an issue in Watervliet. Fully 12.08% 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

Some of the lowest real estate appreciation rates in America over the last ten years have been in Watervliet, where house values have increased just 44.62%, which is annualized rate of 3.76%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Watervliet's appreciation rate, at 5.25%, has been at or slightly above the national average. In the latest quarter, Watervliet's appreciation rate has been 5.88%, which annualizes to a rate of 25.69%.

Importantly, this makes Watervliet one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to New York, our data show that Watervliet'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 city. Individual neighborhoods within Watervliet differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Watervliet - 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 Watervliet real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$189,192

Watervliet, NY Home Prices
> $1,268,000
$951,001 - $1,268,000
$634,001 - $951,000
$507,001 - $634,000
$381,001 - $507,000
$254,001 - $381,000
$127,001 - $254,000
$63,001 - $127,000
$0 - $63,000
0.5%
0.5%
0.0%
0.0%
0.6%
0.6%
0.0%
0.0%
5.5%
5.5%
4.4%
4.4%
70.9%
70.9%
11.7%
11.7%
6.3%
6.3%
0% 100.0%
% of Homes
Low

for New york

Low

for nation

Number of Homes And Apartments:

5,277

Watervliet Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,653 / per month

Homeownership Rate

Owners
Renters
Vacant
32.3%
32.3%
67.7%
67.7%
12.1%
12.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.7%
3.7%
20.0%
20.0%
21.4%
21.4%
54.9%
54.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
26.3%
26.3%
1.3%
1.3%
53.3%
53.3%
19.0%
19.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.3%
0.3%
17.8%
17.8%
41.3%
41.3%
27.3%
27.3%
9.3%
9.3%
4.0%
4.0%
0% 100.0%
% of Homes