The housing market in Prospect, NY is a great investment opportunity. The median value of a house in Prospect is $121,800, significantly lower than the US median of $338,100. In the past year, the appreciation rate for houses in Prospect has been 11.97%, much higher than the 8.27% appreciation rate of houses in the US. This makes investing in Prospect real estate an attractive and lucrative alternative to other markets across the country.
The median home cost in Prospect is $121,800. Home appreciation the last 10 years has been 74.7%. Home Appreciation in Prospect is up 15.8%.
Average Age of Homes
- The median age of Prospect real estate is 78 years old
The Rental Market in Prospect
- Renters make up 18.9% of the Prospect population
- 0.0% of houses and apartments in Prospect, 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.