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 1,121, 565 total housing units (homes and apartments), and a median house value of $457,991, Germantown real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Germantown, accounting for 70.90% of the town's housing units. Other types of housing that are prevalent in Germantown include large apartment complexes or high rise apartments ( 14.86%), mobile homes or trailers ( 5.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.42%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Germantown. Owner-occupied housing accounts for 72.46% of Germantown's homes, and 51.55% have either three or four bedrooms, which is average sized relative to America.
The housing in Germantown was primarily built before 1939 ( 34.37%), making the housing stock in Germantown some of the oldest overall in America, although there is a range of ages of homes in Germantown. The next most important housing age is between 1940-1969 ( 31.42%), followed by between 1970-1999 ( 27.71%). There's also some housing in Germantown built between 2000 and later ( 6.50%).
Vacant housing appears to be an issue in Germantown. Fully 12.54% of the housing stock is classified as vacant. Left unchecked, vacant Germantown homes and apartments can be a drag on the real estate market, holding Germantown 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.
Real estate appreciation rates in Germantown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.39% during the period.
Over the last year, Germantown appreciation rates have trailed the rest of the nation. In the last twelve months, Germantown's appreciation rate has been 2.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Germantown were at -2.87%, which equates to an annual appreciation rate of -11.00%.
Notably, Germantown's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Germantown's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.
$457,991
$1,196 / per month