Cherry Creek, NY is known for its high quality of life and housing. The median value for a house in Cherry Creek is $140,700, which is significantly lower than the US House Median Value of $338,100. However, the one-year house appreciation rate in Cherry Creek is 12.02%, which is higher than the US one-year appreciation rate of 8.27%. This indicates that investing in housing in Cherry Creek can be a wise decision as it will likely yield higher returns compared to other parts of the country.
The median home cost in Cherry Creek is $140,700. Home appreciation the last 10 years has been 65.8%. Home Appreciation in Cherry Creek is up 14.7%.
Average Age of Homes
- The median age of Cherry Creek real estate is 66 years old
The Rental Market in Cherry Creek
- Renters make up 15.7% of the Cherry Creek population
- 0.7% of houses and apartments in Cherry Creek, 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.