The housing market in Root, NY is very strong. The median value of homes in the area is currently $183,200, which is significantly lower than the US median value of $338,100. Despite this price difference, Root has seen a 1 year house appreciation rate of 11.66%, much higher than the national average of 8.27%. This suggests that Root is a desirable place to buy a home and that the real estate market there is thriving.
The median home cost in Root is $183,200. Home appreciation the last 10 years has been 55.9%. Home Appreciation in Root is up 12.6%.
Average Age of Homes
- The median age of Root real estate is 44 years old
The Rental Market in Root
- Renters make up 10.7% of the Root population
- 0.0% of houses and apartments in Root, 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.