The housing market in Orangetown, NY is thriving. The median value of a home in Orangetown is much higher than the US house median value at $703,700 compared to $338,100 respectively. This makes Orangetown an attractive market for both buyers and sellers alike. Moreover, the 1 year house appreciation rate in Orangetown is 14.52%, which is significantly higher than the US average of 8.27%. This demonstrates that investing in housing real estate in Orangetown can be a sound long-term strategy with potential for strong returns.
The median home cost in Orangetown is $703,700. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Orangetown is up 17.6%.
Average Age of Homes
- The median age of Orangetown real estate is 56 years old
The Rental Market in Orangetown
- Renters make up 25.1% of the Orangetown population
- 1.1% of houses and apartments in Orangetown, 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.