The housing market in Lorenz Park, NY is thriving and growing at a steady rate. The median value of houses in the area currently stands at $171,400, which is significantly lower than the US median value of $338,100. However, over the course of the past year Lorenz Park has seen an appreciation rate of 10.37%, compared to 8.27% nationally. This means that those who have invested in property here are likely to see a greater return on investment than if they had invested elsewhere in the US. It also shows that people are interested in living and investing in Lorenz Park due to its favorable housing market conditions.
The median home cost in Lorenz Park is $171,400. Home appreciation the last 10 years has been 71.1%. Home Appreciation in Lorenz Park is up 14.0%.
Average Age of Homes
- The median age of Lorenz Park real estate is 43 years old
The Rental Market in Lorenz Park
- Renters make up 31.4% of the Lorenz Park population
- 0.0% of houses and apartments in Lorenz Park, 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.