Watervliet, NY Housing Market Trends
With a population of 10,170, 5,265 total housing units (homes and apartments), and a median house value of $220,316, 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 53.44% of the city's housing units. Other types of housing that are prevalent in Watervliet include single-family detached homes ( 23.75%), large apartment complexes or high rise apartments ( 20.84%), and a few row houses and other attached homes ( 1.97%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
Watervliet is dominated by renter-occupied one, two, or no bedrooms apartments. 65.34% of Watervliet's dwellings are rentals.
The housing in Watervliet was primarily built before 1939 ( 59.68%), 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 ( 18.70%), followed by between 1940-1969 ( 18.34%). There's also some housing in Watervliet built between 2000 and later ( 3.28%).
Vacant housing appears to be an issue in Watervliet. Fully 11.96% 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 56.21%, which is annualized rate of 4.56%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Watervliet that despite a nationwide downturn in the housing market, Watervliet real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Watervliet appreciation rates continue to be some of the highest in America, at 9.11%, which is higher than appreciation rates in 72.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Watervliet. Watervliet appreciation rates in the latest quarter were at 3.37%, which equates to an annual appreciation rate of 14.18%.
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 lower 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.
Median Home Value
$220,316
Low
for New york
Low
for nation
Number of Homes And Apartments:
5,265
NY
America
2024 Q3 - 2024 Q4
2023 Q4 - 2024 Q4
2022 Q4 - 2024 Q4
2019 Q4 - 2024 Q4
2014 Q4 - 2024 Q4
2000 Q1 - 2024 Q4
Average Market Rent:
$1,642 / per month