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 1,648, 681 total housing units (homes and apartments), and a median house value of $380,866, Altamont real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Altamont, accounting for 69.93% of the village's housing units. Other types of housing that are prevalent in Altamont include duplexes, homes converted to apartments or other small apartment buildings ( 15.32%), large apartment complexes or high rise apartments ( 11.63%), and a few row houses and other attached homes ( 3.12%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Altamont. Owner-occupied housing accounts for 75.36% of Altamont's homes, and 65.39% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Altamont 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 Altamont built before 1939 ( 30.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 29.22%). There's also some housing in Altamont built between 2000 and later ( 6.95%).
Altamont's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Altamont during the period has been just 4.65%, which is lower than 80% of US communities.
Appreciation rates are so strong in Altamont that despite a nationwide downturn in the housing market, Altamont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Altamont appreciation rates continue to be some of the highest in America, at 8.41%, which is higher than appreciation rates in 74.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Altamont. Altamont appreciation rates in the latest quarter were at -0.27%, which equates to an annual appreciation rate of -1.07%.
Notably, Altamont's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Altamont's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$380,866
for New york
for nation
681
$1,681 / per month