Housing in Babylon, NY is much more expensive than the national median value of $338,100. On average, the median value of a house in Babylon is $657,600. The appreciation rate for housing in Babylon is also higher than the US average at 9.96%, compared to 8.27%. This means that housing prices are increasing faster in Babylon than they are elsewhere in the country. With such high values and appreciation rates, it is no surprise that Babylon remains an attractive market for potential home buyers.
The median home cost in Babylon is $657,600. Home appreciation the last 10 years has been 71.3%. Home Appreciation in Babylon is up 13.1%.
Average Age of Homes
- The median age of Babylon real estate is 57 years old
The Rental Market in Babylon
- Renters make up 24.2% of the Babylon population
- 0.6% of houses and apartments in Babylon, 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.