The housing market in Springs, NY is booming. The median value of homes in this area is $884,400, almost double the US median house value of $338,100. Over the past year, house appreciation in Springs has been 13.07%, significantly higher than the US average of 8.27%. This suggests that Springs is a desirable place to invest in real estate. Furthermore, the high median house values demonstrates that Springs is an affluent community and with further growth likely on the horizon, investing here could have positive returns for years to come.
The median home cost in Springs is $884,400. Home appreciation the last 10 years has been 83.6%. Home Appreciation in Springs is up 16.1%.
Average Age of Homes
- The median age of Springs real estate is 39 years old
The Rental Market in Springs
- Renters make up 9.1% of the Springs population
- 0.0% of houses and apartments in Springs, 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.