Lake Carmel, NY is a great place to invest in property. The median value of homes in the area stands at $332,700, which is slightly lower than the US median house value of $338,100. Over the past year, the US housing market has seen an appreciation rate of 8.27%, while Lake Carmel has enjoyed an even higher rate of 7.98%. This suggests that investing in real estate in Lake Carmel is a wise choice for anyone looking to benefit from the current housing market. With such great appreciation rates and low median home values, now is the perfect time to invest in this charming town!
The median home cost in Lake Carmel is $332,700. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Lake Carmel is up 10.6%.
Average Age of Homes
- The median age of Lake Carmel real estate is 56 years old
The Rental Market in Lake Carmel
- Renters make up 10.6% of the Lake Carmel population
- 0.0% of houses and apartments in Lake Carmel, 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.