Long Lake, NY is a great place to invest in housing. The median value of homes in the area is $323,600, which is slightly lower than the US House median value of $338,100. However, the 1 year house appreciation in Long Lake, NY is 10.21%, much higher than the US 1 year appreciation rate of 8.27%. This indicates that Long Lake is an area where housing values are increasing quickly and may be a great opportunity for home buyers or investors looking to get into the market.
The median home cost in Long Lake is $323,600. Home appreciation the last 10 years has been 58.7%. Home Appreciation in Long Lake is up 13.7%.
Average Age of Homes
- The median age of Long Lake real estate is 52 years old
The Rental Market in Long Lake
- Renters make up 1.9% of the Long Lake population
- 0.0% of houses and apartments in Long Lake, 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.