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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.



Watkins Glen, 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

Watkins Glen, NY Housing Market Trends

With 1,809 people, 882 houses or apartments, and a median cost of homes of $199,277, house prices in Watkins Glen are solidly below the national average.

Single-family detached homes are the single most common housing type in Watkins Glen, accounting for 44.73% of the village's housing units. Other types of housing that are prevalent in Watkins Glen include duplexes, homes converted to apartments or other small apartment buildings ( 30.20%), large apartment complexes or high rise apartments ( 17.33%), and a few row houses and other attached homes ( 6.62%).

People in Watkins Glen primarily live in small (one, two or no bedroom) single-family detached homes. Watkins Glen has a mixture of owner-occupied and renter-occupied housing.

The housing in Watkins Glen was primarily built before 1939 ( 50.89%), making the housing stock in Watkins Glen some of the oldest overall in America, although there is a range of ages of homes in Watkins Glen. The next most important housing age is between 1940-1969 ( 26.47%), followed by between 1970-1999 ( 13.70%). There's also some housing in Watkins Glen built between 2000 and later ( 8.95%).

Vacant housing appears to be an issue in Watkins Glen. Fully 17.80% of the housing stock is classified as vacant. Left unchecked, vacant Watkins Glen homes and apartments can be a drag on the real estate market, holding Watkins Glen 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.

Watkins Glen Home Appreciation Rates

Appreciation rates for homes in Watkins Glen have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.03%, which ranks in the top 50% nationwide. This equates to an annual average Watkins Glen house appreciation rate of 6.69%.

NeighborhoodScout's data show that during the latest twelve months, Watkins Glen's appreciation rate, at 6.20%, has been at or slightly above the national average. In the latest quarter, Watkins Glen's appreciation rate has been -2.87%, which annualizes to a rate of -11.00%.

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

Relative to New York, our data show that Watkins Glen's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

Average Home Values

Median Home Value

$199,277

Watkins Glen, NY Home Prices
> $1,424,000
$1,068,001 - $1,424,000
$712,001 - $1,068,000
$570,001 - $712,000
$427,001 - $570,000
$285,001 - $427,000
$142,001 - $285,000
$71,001 - $142,000
$0 - $71,000
0.1%
0.1%
0.0%
0.0%
0.5%
0.5%
2.3%
2.3%
6.5%
6.5%
16.8%
16.8%
48.7%
48.7%
15.9%
15.9%
9.1%
9.1%
0% 100.0%
% of Homes
Low

for New york

Low

for nation

Number of Homes And Apartments:

882

Watkins Glen Appreciation Rates

Rent & Ownership

Average Market Rent:

$977 / per month

Homeownership Rate

Owners
Renters
46.3%
46.3%
53.7%
53.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.8%
17.8%
82.2%
82.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.9%
8.9%
13.7%
13.7%
26.5%
26.5%
50.9%
50.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
44.7%
44.7%
6.6%
6.6%
30.2%
30.2%
17.3%
17.3%
1.1%
1.1%
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
2.9%
2.9%
26.7%
26.7%
29.8%
29.8%
23.4%
23.4%
12.0%
12.0%
5.2%
5.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Watkins Glen

Zip Codes in Watkins Glen, NY