The housing market in Ravena, NY is currently strong with a median value of $208,900. This is significantly lower than the US house median value of $338,100. Despite this disparity, the appreciation over the last year has been 12.23%, far outpacing the national average of 8.27%. This data suggests that there are great opportunities for investment in Ravena as homes are highly likely to appreciate at a steady rate. With current values being so much lower than national averages, buyers can find excellent deals in Ravena's housing market.
The median home cost in Ravena is $208,900. Home appreciation the last 10 years has been 52.6%. Home Appreciation in Ravena is up 11.9%.
Average Age of Homes
- The median age of Ravena real estate is 59 years old
The Rental Market in Ravena
- Renters make up 32.6% of the Ravena population
- 4.1% of houses and apartments in Ravena, 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.