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 32,010, 13,591 total housing units (homes and apartments), and a median house value of $364,132, Poughkeepsie real estate prices are well above average cost compared to national prices.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Poughkeepsie, accounting for 34.48% of the city's housing units. Other types of housing that are prevalent in Poughkeepsie include large apartment complexes or high rise apartments ( 31.89%), single-family detached homes ( 25.36%), and a few row houses and other attached homes ( 8.01%). 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.
People in Poughkeepsie primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Poughkeepsie has a mixture of owner-occupied and renter-occupied housing.
The housing in Poughkeepsie was primarily built before 1939 ( 42.12%), making the housing stock in Poughkeepsie some of the oldest overall in America, although there is a range of ages of homes in Poughkeepsie. The next most important housing age is between 1940-1969 ( 26.79%), followed by between 1970-1999 ( 24.07%). There's also some housing in Poughkeepsie built between 2000 and later ( 7.02%).
Real estate appreciation rates in Poughkeepsie's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.36% during the period.
Appreciation rates are so strong in Poughkeepsie that despite a nationwide downturn in the housing market, Poughkeepsie real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Poughkeepsie appreciation rates continue to be some of the highest in America, at 8.49%, which is higher than appreciation rates in 75.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Poughkeepsie. Poughkeepsie appreciation rates in the latest quarter were at 0.58%, which equates to an annual appreciation rate of 2.34%.
Notably, Poughkeepsie's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Poughkeepsie's latest annual appreciation rate is higher than 70% 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 Poughkeepsie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Poughkeepsie - 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 Poughkeepsie real estate investment or home purchase decisions.
$364,132
for New york
for nation
13,591
$2,018 / per month