Montauk, NY is an affluent area with housing prices that reflect its reputation. The median value of a home in Montauk is $1,572,900, more than four times the national median value of $338,100. Over the past year the appreciation rate of houses in Montauk has been 13.07%, which is higher than the US average appreciation rate of 8.27%. This high appreciation rate further illustrates the desirability and strength of property values in Montauk.
The median home cost in Montauk is $1,572,900. Home appreciation the last 10 years has been 83.6%. Home Appreciation in Montauk is up 16.1%.
Average Age of Homes
- The median age of Montauk real estate is 39 years old
The Rental Market in Montauk
- Renters make up 8.0% of the Montauk population
- 0.2% of houses and apartments in Montauk, 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.