The housing market in Genesee, NY is thriving, with the median value of a house at $112,400. This is noticeably lower than the US House Median Value of $338,100, but still a good value for buyers. In addition, the one year house appreciation rate in Genesee is 12.09%, higher than the US 1 year House Appreciation rate of 8.27%. This indicates that now is an excellent time to purchase real estate in Genesee as values are expected to continue to increase over the coming years.
The median home cost in Genesee is $112,400. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Genesee is up 14.6%.
Average Age of Homes
- The median age of Genesee real estate is 44 years old
The Rental Market in Genesee
- Renters make up 12.7% of the Genesee population
- 2.4% of houses and apartments in Genesee, 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.