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 10,219, 5,246 total housing units (homes and apartments), and a median house value of $224,391, 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%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
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.
Watervliet's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Watervliet during the period has been just 4.32%, which is lower than 80% of US communities.
Appreciation rates are so strong in Watervliet that despite a nationwide downturn in the housing market, Watervliet real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Watervliet appreciation rates continue to be some of the highest in America, at 11.30%, which is higher than appreciation rates in 98.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Watervliet. Watervliet appreciation rates in the latest quarter were at 4.90%, which equates to an annual appreciation rate of 21.09%.
Importantly, this makes Watervliet one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to New York, our data show that Watervliet's latest annual appreciation rate is higher than 90% 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.
$224,391
for New york
for nation
5,246
$1,526 / per month