Ellicott, NY is a great place to invest in real estate. The median value of housing in the area is $163,400, which is significantly lower than the US House Median Value of $338,100. In the last year alone, house values have appreciated by 12.09%, which is higher than the national average of 8.27%. This means that investing in Ellicott could provide buyers with a great return on investment. The area also has many amenities and attractions that make it attractive to potential buyers and renters alike. With affordable housing prices and strong appreciation rates, Ellicott is an excellent choice for those looking to make an investment or purchase a home.
The median home cost in Ellicott is $163,400. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Ellicott is up 14.6%.
Average Age of Homes
- The median age of Ellicott real estate is 66 years old
The Rental Market in Ellicott
- Renters make up 22.8% of the Ellicott population
- 1.6% of houses and apartments in Ellicott, 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.