Cove Neck, NY is a beautiful and affluent area with high housing prices. According to recent estimates, the median value of homes in Cove Neck is $1,740,900, significantly higher than the US median value of $338,100. The US median house appreciation rate over the past year was 8.27%, however in Cove Neck it was even higher at 9.97%. This suggests that real estate values in Cove Neck are increasing faster than the national average. As such, this makes it an attractive option for anyone looking to buy or invest in property in the area.
The median home cost in Cove Neck is $1,740,900. Home appreciation the last 10 years has been 71.3%. Home Appreciation in Cove Neck is up 13.1%.
Average Age of Homes
- The median age of Cove Neck real estate is 66 years old
The Rental Market in Cove Neck
- Renters make up 10.9% of the Cove Neck population
- 3.2% of houses and apartments in Cove Neck, 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.