The housing market in Erwin, NY is considerably less expensive than the national average, with a median value of $233,500. Despite the lower prices, Erwin has seen an impressive rise in house values over the past year. The US saw an 8.27% appreciation rate in that time period, while Erwin saw a 7.27% increase. This indicates that investing in real estate in Erwin can still be a good choice for those looking to make an investment or purchase their first home.
The median home cost in Erwin is $233,500. Home appreciation the last 10 years has been 52.4%. Home Appreciation in Erwin is up 12.7%.
Average Age of Homes
- The median age of Erwin real estate is 45 years old
The Rental Market in Erwin
- Renters make up 34.4% of the Erwin population
- 1.0% of houses and apartments in Erwin, 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.