The housing market in Shelter Island, NY is an incredibly lucrative one, with the median value for a house being an astounding $1,458,000. This is far higher than the US House Median Value of $338,100 and is indicative of how much more expensive it is to purchase a home in this area. Furthermore, the US 1 year house appreciation rate of 8.27% has been surpassed by Shelter Island's 13.07%, further showing that the housing market here is thriving and growing rapidly. Clearly, this is an attractive location for prospective homeowners and investors alike.
The median home cost in Shelter Island is $1,458,000. Home appreciation the last 10 years has been 83.6%. Home Appreciation in Shelter Island is up 16.1%.
Average Age of Homes
- The median age of Shelter Island real estate is 39 years old
The Rental Market in Shelter Island
- Renters make up 4.2% of the Shelter Island population
- 0.0% of houses and apartments in Shelter Island, 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.