The housing in North Norwich, NY is quite affordable compared to the US median value since it is over $150,000 less. Additionally, the appreciation rate of 9.70% gives a very attractive investment opportunity for those looking to buy property in the area. This rate is slightly higher than the national average of 8.27%, making North Norwich an even more desirable option for potential homeowners.
The median home cost in North Norwich is $185,200. Home appreciation the last 10 years has been 56.9%. Home Appreciation in North Norwich is up 15.1%.
Average Age of Homes
- The median age of North Norwich real estate is 45 years old
The Rental Market in North Norwich
- Renters make up 13.0% of the North Norwich population
- 0.0% of houses and apartments in North Norwich, 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.