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 3,162 people, 1,331 houses or apartments, and a median cost of homes of $187,663, house prices in Fort Edward are solidly below the national average.
Single-family detached homes are the single most common housing type in Fort Edward, accounting for 61.77% of the village's housing units. Other types of housing that are prevalent in Fort Edward include duplexes, homes converted to apartments or other small apartment buildings ( 22.32%), large apartment complexes or high rise apartments ( 12.83%), and a few row houses and other attached homes ( 2.05%).
The most prevalent building size and type in Fort Edward are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 64.66% owning and 35.34% renting.
The housing in Fort Edward was primarily built before 1939 ( 46.69%), making the housing stock in Fort Edward some of the oldest overall in America, although there is a range of ages of homes in Fort Edward. The next most important housing age is between 1970-1999 ( 25.53%), followed by between 1940-1969 ( 23.55%). There's also some housing in Fort Edward built between 2000 and later ( 4.23%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Fort Edward, where house values have increased just 39.14%, which is annualized rate of 3.36%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Fort Edward appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Edward's appreciation rate has been -6.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Edward were at -7.43%, which equates to an annual appreciation rate of -26.57%.
Notably, Fort Edward's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Fort Edward's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.
$187,663
for New york
for nation
1,331
$1,399 / per month