The housing market in Downey, ID is a good investment opportunity for many potential homeowners. The median value of homes in Downey is $261,900, which is significantly lower than the US median value of $338,100. Furthermore, the one-year house appreciation rate in Downey is 15.93%, much higher than the US one-year house appreciation rate of 8.27%. With its lower housing prices and higher appreciation rates, Downey provides an attractive option for those looking to buy a home or invest in real estate.
The median home cost in Downey is $261,900. Home appreciation the last 10 years has been 145.6%. Home Appreciation in Downey is up 21.2%.
Average Age of Homes
- The median age of Downey real estate is 75 years old
The Rental Market in Downey
- Renters make up 13.3% of the Downey population
- 1.5% of houses and apartments in Downey, 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.