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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Potsdam, NY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Potsdam, NY Housing Market Trends

With 8,558 people, 2,575 houses or apartments, and a median cost of homes of $184,685, house prices in Potsdam are solidly below the national average.

Single-family detached homes are the single most common housing type in Potsdam, accounting for 38.21% of the village's housing units. Other types of housing that are prevalent in Potsdam include large apartment complexes or high rise apartments ( 32.43%), duplexes, homes converted to apartments or other small apartment buildings ( 24.93%), and a few row houses and other attached homes ( 2.94%).

Potsdam is dominated by renter-occupied one, two, or no bedrooms apartments. 80.44% of Potsdam's dwellings are rentals.

There is a lot of housing in Potsdam 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 Potsdam built between 1940-1969 ( 30.91%). A lesser amount of the housing stock also hails from before 1939 ( 30.02%).

Vacant housing appears to be an issue in Potsdam. Fully 14.88% of the housing stock is classified as vacant. Left unchecked, vacant Potsdam homes and apartments can be a drag on the real estate market, holding Potsdam 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.

Potsdam Home Appreciation Rates

Potsdam's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Potsdam during the period has been just 4.77%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Potsdam's appreciation rate, at 7.71%, has been at or slightly above the national average. In the latest quarter, Potsdam's appreciation rate has been -2.87%, which annualizes to a rate of -11.00%.

Notably, Potsdam's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Potsdam's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

Median Home Value

$184,685

Potsdam, NY Home Prices
> $1,353,000
$1,015,001 - $1,353,000
$677,001 - $1,015,000
$541,001 - $677,000
$406,001 - $541,000
$271,001 - $406,000
$135,001 - $271,000
$68,001 - $135,000
$0 - $68,000
3.4%
3.4%
0.9%
0.9%
2.0%
2.0%
0.2%
0.2%
3.5%
3.5%
18.0%
18.0%
38.3%
38.3%
27.5%
27.5%
6.2%
6.2%
0% 100.0%
% of Homes
Low

for New york

Low

for nation

Number of Homes And Apartments:

2,575

Potsdam Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,081 / per month

Homeownership Rate

Owners
Renters
19.6%
19.6%
80.4%
80.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.9%
14.9%
85.1%
85.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.5%
0.5%
38.6%
38.6%
30.9%
30.9%
30.0%
30.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
38.2%
38.2%
2.9%
2.9%
24.9%
24.9%
32.4%
32.4%
1.5%
1.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
14.1%
14.1%
27.3%
27.3%
23.7%
23.7%
15.5%
15.5%
12.1%
12.1%
7.2%
7.2%
0% 100.0%
% of Homes