East Norwich, NY is a unique area known for its high median housing value. In comparison to the US median home value of $338,100, East Norwich's median house value is significantly higher at a whopping $735,200. This indicates an impressive appreciation rate of 9.97% over the past year, much higher than the US average of 8.27%. Clearly there's something special about housing in East Norwich that makes it especially attractive to buyers and investors alike. This could be due to the desirable location or perhaps a combination of factors that make this region so desirable for homeowners. Whatever it may be, it is clear that East Norwich continues to be highly sought after for those looking to invest in real estate and enjoy its benefits.
The median home cost in East Norwich is $735,200. Home appreciation the last 10 years has been 71.3%. Home Appreciation in East Norwich is up 13.1%.
Average Age of Homes
- The median age of East Norwich real estate is 61 years old
The Rental Market in East Norwich
- Renters make up 3.5% of the East Norwich population
- 1.3% of houses and apartments in East Norwich, 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.