The housing market in 11976 Water Mill, NY is booming. The median value of homes for sale is $3,789,100, significantly higher than the US house median value of $338,100. In the past year, the national average appreciation rate was 8.27%, but in Water Mill it has been even higher at 13.07%. Given these facts, it's no surprise that more and more people are looking to buy or invest in property here. Whether they're long-time local residents or newcomers drawn by attractive housing options, they can rest assured that their investment should be sound and their home will appreciate in value over time.
The median home cost in Water Mill (zip 11976) is $3,789,100. Home appreciation the last 10 years has been 83.6%. Home Appreciation in Water Mill (zip 11976) is up 16.1%.
Average Age of Homes
- The median age of Water Mill (zip 11976) real estate is 33 years old
The Rental Market in Water Mill (zip 11976)
- Renters make up 3.3% of the Water Mill (zip 11976) population
- 0.0% of houses and apartments in Water Mill (zip 11976), 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.