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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.



Wappingers Falls, 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

Wappingers Falls, NY Housing Market Trends

With 6,064 people, 2,515 houses or apartments, and a median cost of homes of $324,870, Wappingers Falls real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Wappingers Falls, accounting for 36.74% of the village's housing units. Other types of housing that are prevalent in Wappingers Falls include duplexes, homes converted to apartments or other small apartment buildings ( 29.54%), single-family detached homes ( 21.81%), and a few row houses and other attached homes ( 9.94%). This particular housing mix is relatively uncommon and characteristic of villages that are compact and walkable, and which often have a lively downtown.

Wappingers Falls is dominated by renter-occupied one, two, or no bedrooms apartments. 69.24% of Wappingers Falls's dwellings are rentals.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Wappingers Falls's housing was primarily built during this period, from the '40s through the '60s. A full 38.94% of the village's housing hails from this era. Other housing ages represented in Wappingers Falls include homes built before 1939 ( 26.68%) and housing constructed between 1970-1999 ( 21.04%). There's also some housing in Wappingers Falls built between 2000 and later ( 13.34%).

Wappingers Falls Home Appreciation Rates

Wappingers Falls's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wappingers Falls during the period has been just 5.46%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Wappingers Falls's appreciation rate, at 7.81%, has been at or slightly above the national average. In the latest quarter, Wappingers Falls's appreciation rate has been 0.58%, which annualizes to a rate of 2.34%.

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

Relative to New York, our data show that Wappingers Falls'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 village. Individual neighborhoods within Wappingers Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wappingers Falls - 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 Wappingers Falls real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$324,870

Wappingers Falls, NY Home Prices
> $1,299,000
$975,001 - $1,299,000
$650,001 - $975,000
$520,001 - $650,000
$390,001 - $520,000
$260,001 - $390,000
$130,001 - $260,000
$65,001 - $130,000
$0 - $65,000
0.0%
0.0%
0.0%
0.0%
3.1%
3.1%
12.4%
12.4%
9.9%
9.9%
46.8%
46.8%
24.4%
24.4%
0.1%
0.1%
3.3%
3.3%
0% 100.0%
% of Homes
Average

for New york

High

for nation

Number of Homes And Apartments:

2,515

Wappingers Falls Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,139 / per month

Homeownership Rate

Owners
Renters
30.8%
30.8%
69.2%
69.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.7%
2.7%
97.3%
97.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.3%
13.3%
21.0%
21.0%
38.9%
38.9%
26.7%
26.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
21.8%
21.8%
9.9%
9.9%
29.5%
29.5%
36.7%
36.7%
2.0%
2.0%
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
5.0%
5.0%
27.5%
27.5%
40.8%
40.8%
18.4%
18.4%
3.6%
3.6%
4.7%
4.7%
0% 100.0%
% of Homes