The housing market in Le Ray, NY is an attractive option for prospective homebuyers. The median value of a house in the area is $205,000, which is significantly lower than the US median value of $338,100. Despite this difference in price, house appreciation has been strong over the last year with a rate of 9.27%, slightly higher than the US rate of 8.27%. These numbers indicate that Le Ray is a great place to buy real estate as there are considerable savings to be had and prices are likely to keep increasing at a steady rate.
The median home cost in Le Ray is $205,000. Home appreciation the last 10 years has been 30.9%. Home Appreciation in Le Ray is up 11.4%.
Average Age of Homes
- The median age of Le Ray real estate is 23 years old
The Rental Market in Le Ray
- Renters make up 75.7% of the Le Ray population
- 5.8% of houses and apartments in Le Ray, 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.