Watertown-Fort Drum, NY Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Federal Housing Finance Agency (FHFA) House Price Index for Watertown-Fort Drum, NY, shows that home prices in the area have increased by 3.4% over the past year. This is slightly higher than the national average of 3.2%. However, it is important to note that this index only measures single-family homes, and does not include condominiums or co-ops.

Watertown-Fort Drum is a small city located in upstate New York, near the Canadian border. The city has a population of just over 32,000 people, and is home to Fort Drum, a large military base. The median household income in Watertown-Fort Drum is $52,000, which is lower than the national median of $57,000. However, the cost of living in the city is also lower than the national average.

The housing market in Watertown-Fort Drum has been strong over the past year. The number of homes sold has increased by 8%, while the number of homes on the market has decreased by 9%. This decrease in inventory has helped to drive prices up. The median sales price for a home in Watertown-Fort Drum is $142,000. This is an increase of 5% from last year’s median price of $135,000.

There are several factors that have contributed to the strong housing market in Watertown-Fort Drum. One reason is that there has been an influx of people moving to the area due to job growth at Fort Drum. The unemployment rate in Watertown-Fort Drum is just 4%, which is much lower than the national average of 6%. Additionally, many people are looking to buy homes in Watertown-Fort Drum as investment properties due to its proximity to Canada and its low crime rate.