Alfred, NY has a median housing value of $146,600, which is much lower than the US House Median Value of $338,100. The US 1 year House Appreciation rate was 8.27%, while Alfred’s appreciation rate was 7.27%. This indicates that Real Estate in Alfred is still relatively affordable and provides an attractive investment opportunity to potential buyers. Despite the lower median value, Alfred provides stability and steady appreciation in housing prices compared to the rest of the US.
The median home cost in Alfred is $146,600. Home appreciation the last 10 years has been 52.4%. Home Appreciation in Alfred is up 12.7%.
Average Age of Homes
- The median age of Alfred real estate is 51 years old
The Rental Market in Alfred
- Renters make up 38.1% of the Alfred population
- 5.2% of houses and apartments in Alfred, 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.