The housing market in Bainbridge, NY has been steadily increasing with the median value currently at $155,700. This is significantly lower than the US House Median Value of $338,100 and indicates that this area is still relatively affordable. The US 1 year House Appreciation rate is 8.27%, whereas in Bainbridge it is 8.92%. This shows that there has been a greater appreciation in house prices in Bainbridge compared to the national average, suggesting that now may be a good time to invest in real estate in this area.
The median home cost in Bainbridge is $155,700. Home appreciation the last 10 years has been 50.8%. Home Appreciation in Bainbridge is up 14.8%.
Average Age of Homes
- The median age of Bainbridge real estate is 59 years old
The Rental Market in Bainbridge
- Renters make up 23.5% of the Bainbridge population
- 0.0% of houses and apartments in Bainbridge, 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.