Elmont, NY is a great place to invest in housing. The median value of housing in Elmont is slightly higher than the median value of housing across the United States. In the past year, the appreciation rate of houses in Elmont was almost equal to that of houses across the country with a rate of 7.99%. This indicates that investing in real estate in Elmont is likely to yield good returns for investors. Overall, it can be said that real estate in Elmont is a lucrative investment opportunity and should be taken advantage of.
The median home cost in Elmont is $569,700. Home appreciation the last 10 years has been 70.5%. Home Appreciation in Elmont is up 11.6%.
Average Age of Homes
- The median age of Elmont real estate is 64 years old
The Rental Market in Elmont
- Renters make up 19.7% of the Elmont population
- 1.1% of houses and apartments in Elmont, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.