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 7,416, 3,537 total housing units (homes and apartments), and a median house value of $239,084, house prices in Hudson Falls are solidly below the national average.
Single-family detached homes are the single most common housing type in Hudson Falls, accounting for 59.75% of the village's housing units. Other types of housing that are prevalent in Hudson Falls include duplexes, homes converted to apartments or other small apartment buildings ( 22.45%), large apartment complexes or high rise apartments ( 15.83%), and a few row houses and other attached homes ( 1.97%).
People in Hudson Falls primarily live in small (one, two or no bedroom) single-family detached homes. Hudson Falls has a mixture of owner-occupied and renter-occupied housing.
The housing in Hudson Falls was primarily built before 1939 ( 39.90%), making the housing stock in Hudson Falls some of the oldest overall in America, although there is a range of ages of homes in Hudson Falls. The next most important housing age is between 1940-1969 ( 33.75%), followed by between 2000 and later ( 16.71%). There's also some housing in Hudson Falls built between 1970-1999 ( 9.63%).
Vacant housing appears to be an issue in Hudson Falls. Fully 10.57% of the housing stock is classified as vacant. Left unchecked, vacant Hudson Falls homes and apartments can be a drag on the real estate market, holding Hudson 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.
Real estate appreciation rates in Hudson Falls's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.52% during the period.
NeighborhoodScout's data show that during the latest twelve months, Hudson Falls's appreciation rate, at 7.38%, has been at or slightly above the national average. In the latest quarter, Hudson Falls's appreciation rate has been -7.43%, which annualizes to a rate of -26.57%.
Notably, Hudson Falls's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Hudson Falls's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.
$239,084
for New york
for nation
3,537
$1,329 / per month