The housing market in Mexico, NY is on the rise. According to recent figures, the median house value in Mexico is $180,300, while the US median house value is $338,100. Furthermore, the US houses appreciated by 8.27% over a one-year period, while those in Mexico experienced an even greater appreciation of 9.97%. This indicates an upward trend as people continue to flock to this area of upstate New York for its scenic beauty and quiet atmosphere. The combination of a relatively low cost of living and high home appreciation makes it an ideal place for real estate investment and long-term homeownership.
The median home cost in Mexico is $180,300. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Mexico is up 18.8%.
Average Age of Homes
- The median age of Mexico real estate is 37 years old
The Rental Market in Mexico
- Renters make up 17.1% of the Mexico population
- 1.3% of houses and apartments in Mexico, 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.