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 5,139, 2,604 total housing units (homes and apartments), and a median house value of $267,596, Mechanicville real estate and house prices are near the national average for all cities and towns.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Mechanicville, accounting for 55.67% of the city's housing units. Other types of housing that are prevalent in Mechanicville include large apartment complexes or high rise apartments ( 21.20%), single-family detached homes ( 20.41%), and a few row houses and other attached homes ( 2.72%). 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.
Mechanicville is dominated by renter-occupied one, two, or no bedrooms apartments. 65.32% of Mechanicville's dwellings are rentals.
The housing in Mechanicville was primarily built before 1939 ( 42.05%), making the housing stock in Mechanicville some of the oldest overall in America, although there is a range of ages of homes in Mechanicville. The next most important housing age is between 1940-1969 ( 33.33%), followed by between 1970-1999 ( 18.20%). There's also some housing in Mechanicville built between 2000 and later ( 6.41%).
Vacant housing appears to be an issue in Mechanicville. Fully 10.24% of the housing stock is classified as vacant. Left unchecked, vacant Mechanicville homes and apartments can be a drag on the real estate market, holding Mechanicville 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.
Mechanicville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mechanicville during the period has been just 5.13%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Mechanicville's appreciation rate, at 7.64%, has been at or slightly above the national average. In the latest quarter, Mechanicville's appreciation rate has been -0.27%, which annualizes to a rate of -1.07%.
Notably, Mechanicville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Mechanicville's latest annual appreciation rate is higher than 60% 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 Mechanicville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mechanicville - 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 Mechanicville real estate investment or home purchase decisions.
$267,596
for New york
for nation
2,604
$1,582 / per month