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 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.
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.
$199,277
for New york
for nation
882
$977 / per month