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 10,219 people, 5,246 houses or apartments, and a median cost of homes of $212,756, house prices in Watervliet are solidly below the national average.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Watervliet, accounting for 54.75% of the city's housing units. Other types of housing that are prevalent in Watervliet include single-family detached homes ( 23.98%), large apartment complexes or high rise apartments ( 19.92%), and a few row houses and other attached homes ( 1.35%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
Watervliet is dominated by renter-occupied one, two, or no bedrooms apartments. 68.61% of Watervliet's dwellings are rentals.
The housing in Watervliet was primarily built before 1939 ( 57.34%), making the housing stock in Watervliet some of the oldest overall in America, although there is a range of ages of homes in Watervliet. The next most important housing age is between 1970-1999 ( 19.28%), followed by between 1940-1969 ( 18.89%). There's also some housing in Watervliet built between 2000 and later ( 4.50%).
Vacant housing appears to be an issue in Watervliet. Fully 11.30% of the housing stock is classified as vacant. Left unchecked, vacant Watervliet homes and apartments can be a drag on the real estate market, holding Watervliet real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Watervliet, where house values have increased just 45.73%, which is annualized rate of 3.84%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Watervliet appreciation rates have trailed the rest of the nation. In the last twelve months, Watervliet's appreciation rate has been 3.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Watervliet were at -0.27%, which equates to an annual appreciation rate of -1.07%.
Notably, Watervliet's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Watervliet'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 city. Individual neighborhoods within Watervliet differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Watervliet - 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 Watervliet real estate investment or home purchase decisions.
$212,756
for New york
for nation
5,246
$1,586 / per month