The housing market in Farmingville, NY is booming. The median value of homes in the area is $475,700, which is 43% higher than the national median value of $338,100. In the past year, house appreciation in Farmingville has been 9.97%, which is significantly higher than the 8.27% appreciation rate for US housing overall. This positive trend indicates that now may be a good time to invest in real estate in Farmingville.
The median home cost in Farmingville is $475,700. Home appreciation the last 10 years has been 71.3%. Home Appreciation in Farmingville is up 13.1%.
Average Age of Homes
- The median age of Farmingville real estate is 46 years old
The Rental Market in Farmingville
- Renters make up 13.7% of the Farmingville population
- 1.8% of houses and apartments in Farmingville, 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.