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 a population of 3,162, 1,331 total housing units (homes and apartments), and a median house value of $232,369, house prices in Fort Edward are solidly below the national average.
Single-family detached homes are the single most common housing type in Fort Edward, accounting for 61.77% of the village's housing units. Other types of housing that are prevalent in Fort Edward include duplexes, homes converted to apartments or other small apartment buildings ( 22.32%), large apartment complexes or high rise apartments ( 12.83%), and a few row houses and other attached homes ( 2.05%).
The most prevalent building size and type in Fort Edward are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 64.66% owning and 35.34% renting.
The housing in Fort Edward was primarily built before 1939 ( 46.69%), making the housing stock in Fort Edward some of the oldest overall in America, although there is a range of ages of homes in Fort Edward. The next most important housing age is between 1970-1999 ( 25.53%), followed by between 1940-1969 ( 23.55%). There's also some housing in Fort Edward built between 2000 and later ( 4.23%).
Real estate appreciation rates in Fort Edward's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.49% during the period.
Appreciation rates are so strong in Fort Edward that despite a nationwide downturn in the housing market, Fort Edward real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Edward appreciation rates continue to be some of the highest in America, at 8.90%, which is higher than appreciation rates in 91.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Edward. Fort Edward appreciation rates in the latest quarter were at 5.09%, which equates to an annual appreciation rate of 21.97%.
Importantly, this makes Fort Edward one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to New York, our data show that Fort Edward's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$232,369
for New york
for nation
1,331
$1,448 / per month