The housing market in Geneva, NY is doing quite well. The median value of a house is $120,700, which is considerably lower than the US house median value of $338,100. However, Geneva has seen faster than average appreciation over the past year at 11.08%. This is much higher than the US 1 year house appreciation rate of 8.27%. With such strong growth and attractive prices relative to other areas in the country, Geneva has become a great place for home buyers to consider when searching for their next residence.
The median home cost in Geneva is $120,700. Home appreciation the last 10 years has been 64.9%. Home Appreciation in Geneva is up 11.7%.
Average Age of Homes
- The median age of Geneva real estate is 78 years old
The Rental Market in Geneva
- Renters make up 46.5% of the Geneva population
- 2.6% of houses and apartments in Geneva, 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.