The housing market in Lyme, CT is quite strong. The median value for housing in the area is $612,900, which is significantly higher than the US house median value of $338,100. Furthermore, house appreciation over the past year in Lyme has been 11.39%, compared to 8.27% across the entire US. This indicates that investing in real estate in Lyme can be a good option for those looking to grow their wealth.
The median home cost in Lyme is $612,900. Home appreciation the last 10 years has been 57.9%. Home Appreciation in Lyme is up 13.4%.
Average Age of Homes
- The median age of Lyme real estate is 50 years old
The Rental Market in Lyme
- Renters make up 13.8% of the Lyme population
- 1.2% of houses and apartments in Lyme, 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.