Lake Grove, NY is a desirable place to live with its housing median value at $565,000. This is significantly higher than the US house median value of $338,100, indicating that the real estate in Lake Grove is considered to be relatively more expensive than other parts of the country. Moreover, the 1 year house appreciation rate for Lake Grove is 9.97%, which is higher than the US average of 8.27%. This indicates that the housing market in Lake Grove has seen positive growth over the past year and could be a great investment opportunity for potential home buyers.
The median home cost in Lake Grove is $565,000. Home appreciation the last 10 years has been 71.3%. Home Appreciation in Lake Grove is up 13.1%.
Average Age of Homes
- The median age of Lake Grove real estate is 47 years old
The Rental Market in Lake Grove
- Renters make up 18.7% of the Lake Grove population
- 0.8% of houses and apartments in Lake Grove, 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.