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 3,161, 1,314 total housing units (homes and apartments), and a median house value of $176,964, house prices in Hoosick Falls are solidly below the national average.
Single-family detached homes are the single most common housing type in Hoosick Falls, accounting for 49.50% of the village's housing units. Other types of housing that are prevalent in Hoosick Falls include duplexes, homes converted to apartments or other small apartment buildings ( 28.42%), large apartment complexes or high rise apartments ( 17.76%), and a few mobile homes or trailers ( 2.25%).
The most prevalent building size and type in Hoosick Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 61.84% owning and 38.16% renting.
The housing in Hoosick Falls was primarily built before 1939 ( 54.88%), making the housing stock in Hoosick Falls some of the oldest overall in America, although there is a range of ages of homes in Hoosick Falls. The next most important housing age is between 1940-1969 ( 21.02%), followed by between 1970-1999 ( 21.02%). There's also some housing in Hoosick Falls built between 2000 and later ( 3.08%).
Vacant housing appears to be an issue in Hoosick Falls. Fully 22.20% of the housing stock is classified as vacant. Left unchecked, vacant Hoosick Falls homes and apartments can be a drag on the real estate market, holding Hoosick Falls 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.
Hoosick Falls's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hoosick Falls during the period has been just 4.54%, which is lower than 80% of US communities.
Over the last year, Hoosick Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Hoosick Falls's appreciation rate has been 4.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hoosick Falls were at -0.27%, which equates to an annual appreciation rate of -1.07%.
Notably, Hoosick Falls's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Hoosick Falls's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.
$176,964
for New york
for nation
1,314
$1,252 / per month