The housing market in Allegany, NY County is fairly stable when compared to the national average. The median value of homes in Allegany, NY County is $107,000 which is significantly lower than the US house median value of $338,100. However, the appreciation rate of homes in Allegany, NY County is still quite high at 5.93% over the past year which is slightly lower than the national average of 8.27%. This indicates that although prices are lower than most other parts of the country, they are still on an upward trajectory. Overall, it appears that Allegany, NY County offers a great opportunity for potential buyers looking to purchase a home at more affordable prices with good investment potential.
The median home cost in Allegany County is $107,000. Home appreciation the last 10 years has been 58.2%. Home Appreciation in Allegany County is up 13.6%.
Average Age of Homes
- The median age of Allegany County real estate is 53 years old
The Rental Market in Allegany County
- Renters make up 18.8% of the Allegany County population
- 1.3% of houses and apartments in Allegany County, 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.