The housing market in Denmark, NY is strong. The median value of a house in Denmark is $211,900, which is significantly lower than the US median of $338,100. Despite its lower cost of housing, Denmark has seen a one year appreciation rate of 9.70%, outpacing the US's 8.27%. This growth can be attributed to Denmark's close proximity to nearby metropolitan areas and its diverse business opportunities. With prices this low and an appreciation rate this high, it is no wonder that the housing market in Denmark continues to thrive.
The median home cost in Denmark is $211,900. Home appreciation the last 10 years has been 38.0%. Home Appreciation in Denmark is up 12.1%.
Average Age of Homes
- The median age of Denmark real estate is 42 years old
The Rental Market in Denmark
- Renters make up 19.7% of the Denmark population
- 0.6% of houses and apartments in Denmark, 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.