Watkins Glen, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Watkins Glen, NY Real Estate Data


Watkins Glen Housing Market Information

With 1,859 people, 848 houses or apartments, and a median cost of homes of $102,756, 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 7.20%, which ranks in the top 40% nationwide. This equates to an annual average Watkins Glen house appreciation rate of 0.70%.

NeighborhoodScout's data show that during the latest twelve months, Watkins Glen's appreciation rate, at 3.67%, has been at or slightly above the national average. In the latest quarter, Watkins Glen's appreciation rate has been -0.50%, which annualizes to a rate of -2.00%.

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 higher than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$102,756

Watkins Glen, NY HOME PRICES

Value Range
> $1,043,000 0.4
$783,001 - $1,043,000 0.0
$522,001 - $783,000 0.0
$417,001 - $522,000 0.6
$313,001 - $417,000 2.0
$209,001 - $313,000 8.8
$104,001 - $209,000 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
75.6885034571663 82.2671156004489

Number Of Homes And Apartments:
848

Rent & Ownership

 

Average Market Rent:
$736 / 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

Watkins Glen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
54.52% 2.55% 5 7
* 10 is highest

Popular Neighborhoods in Watkins Glen

Zip Codes in Watkins Glen, NY