The housing market in Broome, NY is thriving. The median value of homes in the area is $165,500, which is significantly lower than the US median value of $338,100. Despite this difference, the 1 year house appreciation in Broome has been quite impressive at 12.48%, whereas the US house appreciation rate is 8.27%. This means that those who invest in housing in Broome will likely see their investments grow quicker than those elsewhere in the country. With such strong growth and low costs, it's easy to see why people are drawn to housing in Broome.
The median home cost in Broome is $165,500. Home appreciation the last 10 years has been 58.1%. Home Appreciation in Broome is up 13.1%.
Average Age of Homes
- The median age of Broome real estate is 40 years old
The Rental Market in Broome
- Renters make up 5.4% of the Broome population
- 0.0% of houses and apartments in Broome, 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.