The housing market in North Salem, NY is a strong one. The median value of a house in the area is $812,100, which is significantly higher than the US median value of $338,100. In the last year, the appreciation rate of housing in North Salem has been 7.98%, which is slightly lower than the US average of 8.27%. This shows that North Salem is still an attractive place for potential homeowners and that demand remains high for properties in this area.
The median home cost in North Salem is $812,100. Home appreciation the last 10 years has been 51.9%. Home Appreciation in North Salem is up 10.6%.
Average Age of Homes
- The median age of North Salem real estate is 54 years old
The Rental Market in North Salem
- Renters make up 14.1% of the North Salem population
- 0.0% of houses and apartments in North Salem, 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.