Rensselaer, NY has an impressive median value for housing of $241,900, exceeding the US median value of $338,100. In addition, the one year house appreciation in Rensselaer is 12.23%, well above the US rate of 8.27%. This indicates that real estate in Rensselaer is a lucrative investment and it is a great place to buy a home or invest in property. The high median value and house appreciation rate show that people are investing heavily in the area, making it an attractive option for those seeking to relocate or invest in housing.
The median home cost in Rensselaer is $241,900. Home appreciation the last 10 years has been 52.6%. Home Appreciation in Rensselaer is up 11.9%.
Average Age of Homes
- The median age of Rensselaer real estate is 71 years old
The Rental Market in Rensselaer
- Renters make up 55.0% of the Rensselaer population
- 4.0% of houses and apartments in Rensselaer, 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.