The housing market in Old Lyme, CT is thriving. The median value of homes there is $530,700, which is significantly higher than the US house median value of $338,100. In the past year alone, the US house appreciation rate was 8.27%, while houses in Old Lyme saw an even greater appreciation rate of 11.43%. This indicates that Old Lyme has a strong and steady housing market with continuing growth potential, making it an attractive option for prospective homeowners.
The median home cost in Old Lyme is $530,700. Home appreciation the last 10 years has been 58.4%. Home Appreciation in Old Lyme is up 13.4%.
Average Age of Homes
- The median age of Old Lyme real estate is 56 years old
The Rental Market in Old Lyme
- Renters make up 11.9% of the Old Lyme population
- 0.2% of houses and apartments in Old Lyme, 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.