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 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'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.
$184,685
for New york
for nation
2,575
$1,081 / per month