The housing market in Allegany, NY is very strong. The median value of homes is $181,400, which is significantly lower than the US median value of $338,100. This makes it a great place for those looking to get more bang for their buck. Additionally, the 1 year house appreciation rate in Allegany, NY has been 12.09%, which is higher than the US overall appreciation rate of 8.27%. This indicates that housing prices are on the rise and could continue to increase over time. All in all, Allegany, NY is an excellent place to invest in real estate and take advantage of the booming housing market.
The median home cost in Allegany is $181,400. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Allegany is up 14.6%.
Average Age of Homes
- The median age of Allegany real estate is 50 years old
The Rental Market in Allegany
- Renters make up 22.4% of the Allegany population
- 0.7% of houses and apartments in Allegany, 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.