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 a population of 5,558, 2,824 total housing units (homes and apartments), and a median house value of $144,973, house prices in Bath are some of the most affordable in New York as well as the nation.
Single-family detached homes are the single most common housing type in Bath, accounting for 49.47% of the village's housing units. Other types of housing that are prevalent in Bath include duplexes, homes converted to apartments or other small apartment buildings ( 20.66%), large apartment complexes or high rise apartments ( 20.60%), and a few mobile homes or trailers ( 8.57%).
People in Bath primarily live in small (one, two or no bedroom) single-family detached homes. Bath has a mixture of owner-occupied and renter-occupied housing.
The housing in Bath was primarily built before 1939 ( 34.09%), making the housing stock in Bath some of the oldest overall in America, although there is a range of ages of homes in Bath. The next most important housing age is between 1940-1969 ( 30.47%), followed by between 1970-1999 ( 29.34%). There's also some housing in Bath built between 2000 and later ( 6.11%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Bath, where house values have increased just 54.20%, which is annualized rate of 4.43%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Bath that despite a nationwide downturn in the housing market, Bath real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bath appreciation rates continue to be some of the highest in America, at 13.76%, which is higher than appreciation rates in 82.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bath. Bath appreciation rates in the latest quarter were at 3.81%, which equates to an annual appreciation rate of 16.12%.
Relative to New York, our data show that Bath's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$144,973
for New york
for nation
2,824
$1,033 / per month