The housing market in Staten Island, NY is expensive with a median home value of $660,600, significantly higher than the US average of $338,100. Despite this, appreciation for homes has been slower in Staten Island compared to the rest of the country over the last year with an appreciation rate of 4.86%, much lower than the US average of 8.27%. While the cost of living may be high in Staten Island, NY it appears that house values are not appreciating as quickly as other parts of the United States, making it a potentially attractive option for buyers.
The median home cost in Staten Island is $660,600. Home appreciation the last 10 years has been 69.7%. Home Appreciation in Staten Island is up 11.1%.
Average Age of Homes
- The median age of Staten Island real estate is 45 years old
The Rental Market in Staten Island
- Renters make up 29.0% of the Staten Island population
- 1.9% of houses and apartments in Staten 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.