Watervliet, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Watervliet Neighborhoods Since 2000




Watervliet, NY Real Estate Data


Watervliet Housing Market Information

With a population of 10,214, 4,740 total housing units (homes and apartments), and a median house value of $141,357, Watervliet real estate and house prices are near the national average for all cities and towns.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Watervliet, accounting for 52.65% of the city's housing units. Other types of housing that are prevalent in Watervliet include single-family detached homes ( 24.93%), large apartment complexes or high rise apartments ( 20.71%), and a few row houses and other attached homes ( 1.70%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

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 ( 63.31%), 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 ( 17.21%), followed by between 1940-1969 ( 15.34%). There's also some housing in Watervliet built between 2000 and later ( 4.15%).

Vacant housing appears to be an issue in Watervliet. Fully 10.26% 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 0.18% 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 3.29%, 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 1.15%, which equates to an annual appreciation rate of 4.70%.

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

Average Home Values

 

Median Home Value:
$141,357

Watervliet, NY HOME PRICES

Value Range
> $1,032,000 0.3
$774,001 - $1,032,000 0.6
$516,001 - $774,000 1.3
$413,001 - $516,000 0.0
$310,001 - $413,000 0.5
$206,001 - $310,000 15.3
$104,001 - $206,000 56.7
$52,001 - $104,000 23.0
$0 - $52,000 2.3

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
54.9511038238566 62.5140291806959

Number Of Homes And Apartments:
4,740

Rent & Ownership

 

Average Market Rent:
$953 / per month

Homeownership Rate

Homeownership
Owners 39.67
Renters 60.33
Vacant 10.26

Housing Market Details

 

Age of Homes

AGE OF Watervliet HOMES
2000 or Newer 4.1
1970 - 1999 17.2
1940 - 1969 15.3
1939 or Older 63.3

Types of Homes

TYPE OF Watervliet HOMES
Single-Family 24.9
Townhomes 1.7
Small Apt. Buildings 52.7
Apt. Complexes 20.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Watervliet HOMES
No Bedroom 0.15
1 Bedroom 20.64
2 Bedrooms 27.75
3 Bedrooms 41.99
4 Bedrooms 5.74
5 or more bedrooms 3.73

Watervliet Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
69.25% 3.14% 8 8
* 10 is highest