Watkins Glen, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Watkins Glen Neighborhoods Since 2000




Watkins Glen, 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

Watkins Glen Housing Market Information

With a population of 1,859, 848 total housing units (homes and apartments), and a median house value of $102,102, house prices in Watkins Glen are solidly below the national average.

Single-family detached homes are the single most common housing type in Watkins Glen, accounting for 58.18% of the village's housing units. Other types of housing that are prevalent in Watkins Glen include duplexes, homes converted to apartments or other small apartment buildings ( 28.98%), large apartment complexes or high rise apartments ( 10.05%), and a few row houses and other attached homes ( 2.14%).

People in Watkins Glen primarily live in small (one, two or no bedroom) single-family detached homes. Watkins Glen has a mixture of owner-occupied and renter-occupied housing.

The housing in Watkins Glen was primarily built before 1939 ( 63.21%), making the housing stock in Watkins Glen some of the oldest overall in America, although there is a range of ages of homes in Watkins Glen. The next most important housing age is between 1940-1969 ( 20.21%), followed by between 1970-1999 ( 11.76%). There's also some housing in Watkins Glen built between 2000 and later ( 4.81%).

Watkins Glen Home Appreciation Rates

Appreciation rates for homes in Watkins Glen have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.18%, which ranks in the top 50% nationwide. This equates to an annual average Watkins Glen house appreciation rate of 0.41%.

Over the last year, Watkins Glen appreciation rates have trailed the rest of the nation. In the last twelve months, Watkins Glen's appreciation rate has been 1.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Watkins Glen were at -0.56%, which equates to an annual appreciation rate of -2.23%.

Notably, Watkins Glen's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Watkins Glen's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$102,102

Watkins Glen, NY HOME PRICES

Value Range
> $1,037,000 1.0
$777,001 - $1,037,000 0.0
$519,001 - $777,000 0.0
$415,001 - $519,000 0.6
$311,001 - $415,000 2.0
$207,001 - $311,000 8.8
$104,001 - $207,000 37.1
$52,001 - $104,000 39.8
$0 - $52,000 10.8

Very Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
76.2861830540255 82.2671156004489

Number Of Homes And Apartments:
848

Watkins Glen 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
53.84% 2.53% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$744 / per month

Homeownership Rate

Homeownership
Owners 57.77
Renters 42.23
Vacant 9.30

Housing Market Details

 

Age of Homes

AGE OF Watkins Glen HOMES
2000 or Newer 4.8
1970 - 1999 11.8
1940 - 1969 20.2
1939 or Older 63.2

Types of Homes

TYPE OF Watkins Glen HOMES
Single-Family 58.2
Townhomes 2.1
Small Apt. Buildings 29.0
Apt. Complexes 10.1
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Watkins Glen HOMES
No Bedroom 0.00
1 Bedroom 28.98
2 Bedrooms 21.93
3 Bedrooms 26.95
4 Bedrooms 15.94
5 or more bedrooms 6.20

Popular Neighborhoods in Watkins Glen

Zip Codes in Watkins Glen, NY