The housing market in Burns, NY has seen a steady increase over the past year with a median value of $109,000. Although this is significantly lower than the national median value of $338,100, it still reflects an increase of 7.28%, which is slightly lower than the national average appreciation rate of 8.27%. Despite the difference in appreciation rates, it is clear that the housing market in Burns, NY is steadily moving upwards and providing residents with increased options for home ownership.
The median home cost in Burns is $109,000. Home appreciation the last 10 years has been 52.4%. Home Appreciation in Burns is up 12.7%.
Average Age of Homes
- The median age of Burns real estate is 65 years old
The Rental Market in Burns
- Renters make up 22.6% of the Burns population
- 2.1% of houses and apartments in Burns, 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.