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 19,904 people, 8,761 houses or apartments, and a median cost of homes of $223,973, house prices in Plattsburgh are solidly below the national average.
Large apartment complexes or high rise apartments are the single most common housing type in Plattsburgh, accounting for 32.06% of the city's housing units. Other types of housing that are prevalent in Plattsburgh include single-family detached homes ( 31.11%), duplexes, homes converted to apartments or other small apartment buildings ( 27.82%), and a few row houses and other attached homes ( 7.01%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
Plattsburgh is dominated by renter-occupied one, two, or no bedrooms apartments. 66.29% of Plattsburgh'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. Plattsburgh's housing was primarily built during this period, from the '40s through the '60s. A full 32.69% of the city's housing hails from this era. Other housing ages represented in Plattsburgh include homes built between 1970-1999 ( 31.29%) and housing constructed before 1939 ( 25.49%). There's also some housing in Plattsburgh built between 2000 and later ( 10.53%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Plattsburgh, where house values have increased just 52.92%, which is annualized rate of 4.34%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Plattsburgh appreciation rates have trailed the rest of the nation. In the last twelve months, Plattsburgh's appreciation rate has been 4.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plattsburgh were at -2.87%, which equates to an annual appreciation rate of -11.00%.
Notably, Plattsburgh's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Plattsburgh's latest annual appreciation rate is lower than 70% 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 city. Individual neighborhoods within Plattsburgh differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plattsburgh - 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 Plattsburgh real estate investment or home purchase decisions.
$223,973
for New york
for nation
8,761
$1,453 / per month