The housing market in New City, NY is booming with the median value of housing being $644,100 compared to the US House Median Value of $338,100. This is an impressive difference and shows that New City is a desirable place to live. On top of that, the US 1 year House Appreciation rate is 8.27%, while in New City it’s 14.52%, signalling even further growth and investment opportunities in the city's housing market. Overall, this makes New City an ideal place to invest in real estate for those looking for large returns on their investment.
The median home cost in New City is $644,100. Home appreciation the last 10 years has been 71.2%. Home Appreciation in New City is up 17.6%.
Average Age of Homes
- The median age of New City real estate is 48 years old
The Rental Market in New City
- Renters make up 9.5% of the New City population
- 0.4% of houses and apartments in New City, 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.