The housing market in Benson, NY is thriving with the median value of homes being $265,900. This is significantly lower than the US house median value of $338,100. However, what is even more impressive is that the one year house appreciation in Benson, NY is 12.23%, nearly double the US 1 year house appreciation rate of 8.27%. Clearly this indicates a strong and healthy housing market within Benson, NY and those looking to purchase or invest in properties within the area are likely to benefit from rising prices and increased returns on their investments.
The median home cost in Benson is $265,900. Home appreciation the last 10 years has been 52.6%. Home Appreciation in Benson is up 11.9%.
Average Age of Homes
- The median age of Benson real estate is 43 years old
The Rental Market in Benson
- Renters make up 3.0% of the Benson population
- 0.9% of houses and apartments in Benson, 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.