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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 7,665 people, 3,058 houses or apartments, and a median cost of homes of $358,429, Colonie real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Colonie, accounting for 83.85% of the village's housing units. Other types of housing that are prevalent in Colonie include large apartment complexes or high rise apartments ( 7.69%), duplexes, homes converted to apartments or other small apartment buildings ( 7.18%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Colonie. Owner-occupied housing accounts for 83.69% of Colonie's homes, and 67.70% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Colonie's housing was primarily built during this period, from the '40s through the '60s. A full 55.50% of the village's housing hails from this era. Other housing ages represented in Colonie include homes built between 1970-1999 ( 32.75%) and housing constructed between 2000 and later ( 7.05%). There's also some housing in Colonie built before 1939 ( 4.71%).
Colonie's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Colonie during the period has been just 4.83%, which is lower than 80% of US communities.
Over the last year, Colonie appreciation rates have trailed the rest of the nation. In the last twelve months, Colonie's appreciation rate has been 5.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Colonie were at -0.27%, which equates to an annual appreciation rate of -1.07%.
Notably, Colonie's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Colonie's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.
$358,429
for New york
for nation
3,058
$2,564 / per month