The housing market in Newark Valley village, NY is quite strong. The median value of homes is $109,700, which is substantially lower than the US median house value of $338,100. Despite this large difference in price points, the rate of appreciation for homes in Newark Valley has been very close to the US average of 8.27%. In fact, over the past year homes have appreciated by 8.92%, highlighting how desirable this area is for homeowners and real estate investors alike.
The median home cost in Newark Valley village is $109,700. Home appreciation the last 10 years has been 50.8%. Home Appreciation in Newark Valley village is up 14.8%.
Average Age of Homes
- The median age of Newark Valley village real estate is 78 years old
The Rental Market in Newark Valley village
- Renters make up 23.8% of the Newark Valley village population
- 1.0% of houses and apartments in Newark Valley village, 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.