Housing in Ilion, NY is a great investment. The median value of housing in the area is $129,100, which is significantly lower than the US median house value of $338,100. Additionally, in the past year, housing appreciation in Ilion was 11.97%, while US house appreciation was 8.27%. This implies that not only is buying a home in Ilion much more affordable than the rest of the country, but it has seen higher appreciation as well. Therefore investing in a home in Ilion would be advantageous for those looking to take advantage of a strong real estate market.
The median home cost in Ilion is $129,100. Home appreciation the last 10 years has been 74.7%. Home Appreciation in Ilion is up 15.8%.
Average Age of Homes
- The median age of Ilion real estate is 78 years old
The Rental Market in Ilion
- Renters make up 43.7% of the Ilion population
- 1.9% of houses and apartments in Ilion, 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.