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 3,350, 1,499 total housing units (homes and apartments), and a median house value of $136,586, house prices in Tupper Lake are some of the most affordable in New York as well as the nation.
Single-family detached homes are the single most common housing type in Tupper Lake, accounting for 65.06% of the village's housing units. Other types of housing that are prevalent in Tupper Lake include large apartment complexes or high rise apartments ( 17.31%), duplexes, homes converted to apartments or other small apartment buildings ( 11.86%), and a few mobile homes or trailers ( 3.65%).
People in Tupper Lake primarily live in small (one, two or no bedroom) single-family detached homes. Tupper Lake has a mixture of owner-occupied and renter-occupied housing.
The housing in Tupper Lake was primarily built before 1939 ( 34.41%), making the housing stock in Tupper Lake some of the oldest overall in America, although there is a range of ages of homes in Tupper Lake. The next most important housing age is between 1970-1999 ( 31.66%), followed by between 1940-1969 ( 31.07%). There's also some housing in Tupper Lake built between 2000 and later ( 2.86%).
Vacant housing appears to be an issue in Tupper Lake. Fully 20.65% of the housing stock is classified as vacant. Left unchecked, vacant Tupper Lake homes and apartments can be a drag on the real estate market, holding Tupper Lake 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.
Tupper Lake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tupper Lake during the period has been just 5.23%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Tupper Lake's appreciation rate, at 6.66%, has been at or slightly above the national average. In the latest quarter, Tupper Lake's appreciation rate has been -2.87%, which annualizes to a rate of -11.00%.
Notably, Tupper Lake's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Tupper Lake's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.
$136,586
for New york
for nation
1,499
$792 / per month