The housing in Melville, NY is significantly higher than the US median value of $338,100. The median value for homes in Melville is currently at $779,900. Compared to the US house appreciation rate of 8.27%, the one-year appreciation rate in Melville is much higher at 9.97%. This indicates that there is a high demand for homes in Melville, NY and prices are likely to continue increasing over time.
The median home cost in Melville is $779,900. Home appreciation the last 10 years has been 71.3%. Home Appreciation in Melville is up 13.1%.
Average Age of Homes
- The median age of Melville real estate is 36 years old
The Rental Market in Melville
- Renters make up 13.1% of the Melville population
- 0.6% of houses and apartments in Melville, 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.