West Point, NY is a desirable area with a high median housing value of $488,600 compared to the US house median value of $338,100. The US 1 year house appreciation rate is 8.27%, but the rate in West Point is even higher at 14.52%. This means that housing prices in West Point are increasing faster than the national average and is an attractive place for new residents looking to buy or rent property.
The median home cost in West Point is $488,600. Home appreciation the last 10 years has been 71.2%. Home Appreciation in West Point is up 17.6%.
Average Age of Homes
- The median age of West Point real estate is 44 years old
The Rental Market in West Point
- Renters make up 91.9% of the West Point population
- 10.5% of houses and apartments in West Point, 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.