Ellicottville, NY is a great place to live with its median house value being $327,400 and the US median being $338,100. The appreciation rate of house values in Ellicottville has been higher than the national rate over the past year with an 8.27% increase for the US and 11.81% in Ellicottville. This makes purchasing a home in this city an attractive idea for those looking to invest. People who have already bought into the area are likely to see their houses appreciate more than the national average. With housing prices below the national average and rising faster, Ellicottville is definitely worth considering for future homeowners.
The median home cost in Ellicottville is $327,400. Home appreciation the last 10 years has been 69.5%. Home Appreciation in Ellicottville is up 14.9%.
Average Age of Homes
- The median age of Ellicottville real estate is 32 years old
The Rental Market in Ellicottville
- Renters make up 5.0% of the Ellicottville population
- 0.8% of houses and apartments in Ellicottville, 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.