Amherst, NY is a great place to live, with housing values above the national median. The median value of housing in Amherst is $341,800, more than $3,000 higher than the US median of $338,100. In the past year alone, the appreciation rate of houses in Amherst was 11.80%, significantly higher than the US appreciation rate of 8.27%. This data indicates that housing in Amherst is a sound investment and will likely yield greater returns over time than buying property elsewhere. Furthermore, as one of the most desirable towns in New York State, Amherst is a prime location to purchase or rent real estate for both short-term and long-term investments.
The median home cost in Amherst is $341,800. Home appreciation the last 10 years has been 105.0%. Home Appreciation in Amherst is up 14.9%.
Average Age of Homes
- The median age of Amherst real estate is 47 years old
The Rental Market in Amherst
- Renters make up 27.7% of the Amherst population
- 1.9% of houses and apartments in Amherst, 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.