Colchester, NY is a great place to buy a house. The median value of a home in Colchester is $218,700, which is significantly lower than the national median of $338,100. Over the last year, housing appreciation has been very strong in Colchester with an increase of 9.93%. This is slightly higher than the national rate of 8.27%. With such strong appreciation and low prices, Colchester is an excellent option for those looking to purchase a home.
The median home cost in Colchester is $218,700. Home appreciation the last 10 years has been 55.1%. Home Appreciation in Colchester is up 14.7%.
Average Age of Homes
- The median age of Colchester real estate is 42 years old
The Rental Market in Colchester
- Renters make up 9.5% of the Colchester population
- 0.0% of houses and apartments in Colchester, 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.