Lackawanna, NY is known for its affordable housing median value of $113,300, which is significantly less than the US House Median Value of $338,100. Despite being lower than the national average, the city has seen an impressive 1 year house appreciation rate of 12.00%, higher than the 8.27% average appreciation rate nationally. This makes Lackawanna an attractive option for potential homebuyers looking to purchase a home in New York State without breaking the bank.
The median home cost in Lackawanna is $113,300. Home appreciation the last 10 years has been 109.1%. Home Appreciation in Lackawanna is up 15.3%.
Average Age of Homes
- The median age of Lackawanna real estate is 67 years old
The Rental Market in Lackawanna
- Renters make up 37.3% of the Lackawanna population
- 0.8% of houses and apartments in Lackawanna, 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.