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 13,680 people, 5,680 houses or apartments, and a median cost of homes of $355,731, Latham real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Latham, accounting for 56.54% of the town's housing units. Other types of housing that are prevalent in Latham include large apartment complexes or high rise apartments ( 25.20%), duplexes, homes converted to apartments or other small apartment buildings ( 9.41%), and a few row houses and other attached homes ( 7.51%).
The most prevalent building size and type in Latham are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.63% owning and 39.37% renting.
There is a lot of housing in Latham built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Latham built between 1940-1969 ( 32.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.40%). There's also some housing in Latham built before 1939 ( 5.80%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Latham, where house values have increased just 54.26%, which is annualized rate of 4.43%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Latham appreciation rates have trailed the rest of the nation. In the last twelve months, Latham's appreciation rate has been 2.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Latham were at -0.27%, which equates to an annual appreciation rate of -1.07%.
Notably, Latham's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Latham's latest annual appreciation rate is lower than 80% 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 town. Individual neighborhoods within Latham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Latham - 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 Latham real estate investment or home purchase decisions.
$355,731
for New york
for nation
5,680
$2,198 / per month