Woodmere, NY is a desirable area to live in and the median value of its housing reflects this. At $1,054,100 it is significantly higher than the US median home value of $338,100. This means that homeowners in Woodmere will likely see greater returns on their investments over time. In the past year alone, the appreciation rate of homes in Woodmere has been 8.72%, which is even greater than the national average of 8.27%. This means that those looking to buy a home in Woodmere can expect to see strong returns on their investments over time.
The median home cost in Woodmere is $1,054,100. Home appreciation the last 10 years has been 75.2%. Home Appreciation in Woodmere is up 12.8%.
Average Age of Homes
- The median age of Woodmere real estate is 60 years old
The Rental Market in Woodmere
- Renters make up 9.7% of the Woodmere population
- 0.4% of houses and apartments in Woodmere, 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.