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 3,250 people, 1,339 houses or apartments, and a median cost of homes of $215,695, house prices in Ticonderoga are solidly below the national average.
Single-family detached homes are the single most common housing type in Ticonderoga, accounting for 71.60% of the town's housing units. Other types of housing that are prevalent in Ticonderoga include duplexes, homes converted to apartments or other small apartment buildings ( 15.66%), large apartment complexes or high rise apartments ( 11.12%), and a few mobile homes or trailers ( 1.62%).
The most prevalent building size and type in Ticonderoga are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.02% owning and 40.98% renting.
The housing in Ticonderoga was primarily built before 1939 ( 46.30%), making the housing stock in Ticonderoga some of the oldest overall in America, although there is a range of ages of homes in Ticonderoga. The next most important housing age is between 1940-1969 ( 20.70%), followed by between 2000 and later ( 18.02%). There's also some housing in Ticonderoga built between 1970-1999 ( 14.98%).
Vacant housing appears to be an issue in Ticonderoga. Fully 16.78% of the housing stock is classified as vacant. Left unchecked, vacant Ticonderoga homes and apartments can be a drag on the real estate market, holding Ticonderoga 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.
Real estate appreciation rates in Ticonderoga's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.15% during the period.
Appreciation rates are so strong in Ticonderoga that despite a nationwide downturn in the housing market, Ticonderoga real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ticonderoga appreciation rates continue to be some of the highest in America, at 12.39%, which is higher than appreciation rates in 75.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ticonderoga. Ticonderoga appreciation rates in the latest quarter were at 4.02%, which equates to an annual appreciation rate of 17.06%.
Relative to New York, our data show that Ticonderoga's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.
$215,695
for New york
for nation
1,339
$1,257 / per month