- Typical home price: $446,241
- Year-over-year increase in price: 7%
- Safety index: 49.22 (moderate)
- Climate index: 79.66 (high)
- Crime and safety rating: B-
- Overall rating: B-
Several locations in the Hudson Valley/Catskills region could also be great to buy property in the next five years, according to Angelica Ferguson VonDrak, an associate real estate broker at Sotheby’s International Realty.
“Kingston is right in the heart of the Hudson Valley and has a lot going for it. The city is undergoing a significant revitalization right now,” she said. “Catskill is really on the rise. It offers affordable housing prices and is close to both the Hudson River and the Catskill Mountains. There’s a lot of ongoing revitalization in the downtown area, which is drawing new businesses and residents.”
And the options don’t stop there. “Livingston Manor is another great spot to see the positive appreciation, and it’s a perfect place for those who love the outdoors,” she said. “It’s nestled in the southern Catskills and offers both beautiful natural surroundings and small-town charm. Over the past few years, it’s become a hotspot for weekenders from the city, which has spurred growth in the local economy.”
As for Germanton, VonDrak said it’s a hidden gem that’s seen a steady increase in buyers who want to settle down in a more peaceful, rural area. It also has a strong sense of community and a growing number of local businesses — a good sign for future property values.
Last but not least is Coxsackie.
“Coxsackie is a town that is really starting to catch people’s attention. Located right along the Hudson River, Coxsackie has beautiful waterfront views and a charming historic downtown,” she said. “There’s a lot of potential here, especially with new restaurants and shops opening up, and the community is very welcoming. The real estate prices are still relatively low, so it’s a great time to buy before it really takes off. River towns don’t stay cheap for long though!”
