Altamont, NY—12009
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Altamont, NY
As of Oct '25, the median home price in Altamont, NY is $405,000, with a year-over-year change of 3.8%. This indicates that home prices in Altamont, NY are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $405,000 | 3.8% |
| Single Family | $409,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $301,000 | 4.9% |
3 Bed | $380,000 | 3.5% |
4 Bed | $512,000 | 5.6% |
| 5 Bed | $591,000 | 4.0% |
% of Housing Stock
Rental Trends — Altamont, NY
As of July '25, Rentcast reports the average rent in Altamont, NY is $2,490, with a year-over-year rent change of 30.4%. Per bedroom, the median rent as of July '25 in Altamont, NY is 1-bedrooms: $1,730, 2-bedrooms: $2,280, 3-bedrooms: $2,770. The most common rental property sizes in Altamont, NY are 2-bedroom and 1-bedroom, accounting for 58.8% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,490 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,730 |
| 2 Bed Rent | $2,100 | $2,280 |
| 3 Bed Rent | $2,650 | $2,770 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Altamont, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Altamont, NY is 34. This is a decrease of -27.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $544,000 | 7.0% |
Listing Count | 32 | 58.0% |
| Listings as % of Homes | 0.6% | 58.0% |
Days on Market | 34 | -27.0% |
Demographics — Altamont, NY
As of the latest ACS Survey released in 2023, Altamont, NY has a population of 8,070, which has remained stable by 0.4% over the past 5 years. Altamont, NY is a moderately popular place for families, as children make up 21.3% of the population. The area has a highly educated workforce, with 52.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,070 | 0.4% |
% Under 18 | 21.3% | -0.5% |
% Seniors | 19.3% | 17.0% |
% WFH | 12.4% | 169.6% |
% w/ College Degree | 52.9% | 14.8% |
As of the latest ACS Survey released in 2023, Altamont, NY is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Altamont, NY is asian, making up 6.8% of the population. Foreign-born residents account for 7.0% of the population in Altamont, NY, and this percentage has increased by 27.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.5% | -9.0% |
% Black | 2.8% | 86.7% |
% Hispanic | 3.2% | 100.0% |
% Asian | 6.8% | 142.9% |
% Foreign Born | 7.0% | 27.3% |
Mortgage and Risk — Altamont, NY
According to HUD data as of 2023, there were 183 mortgage originations in Altamont, NY, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Altamont, NY. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 183 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Altamont, NY
Altamont, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$540 | $1,800 | $1,260 |
| 2 Bedroom | -$580 | $2,100 | $1,520 |
| 3 Bedroom | -$820 | $2,650 | $1,830 |
| 4 Bedroom | N/A | N/A | $2,020 |
Affordability — Altamont, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $405,000 |
| Median Household Income | $114,000 |