The housing market in New Paltz, NY is booming. The median value of a house in the city is $521,300, which is much higher than the US median value of $338,100. Furthermore, the US house appreciation rate in the last year was 8.27%, while New Paltz houses have appreciated at a rate of 10.37%. This indicates that real estate investments in New Paltz are particularly lucrative and that demand for housing in the city continues to be strong.
The median home cost in New Paltz is $521,300. Home appreciation the last 10 years has been 71.1%. Home Appreciation in New Paltz is up 14.0%.
Average Age of Homes
- The median age of New Paltz real estate is 45 years old
The Rental Market in New Paltz
- Renters make up 41.0% of the New Paltz population
- 1.4% of houses and apartments in New Paltz, 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.