Islip Terrace, NY is a great place to invest in housing. The median value of a house in Islip Terrace is $407,900, which is significantly higher than the US median value of $338,100. Furthermore, the US House 1 year appreciation rate is 8.27%, while Islip Terrace has an impressive 1-year appreciation rate of 9.97%. This makes it a great investment opportunity for those looking to buy a home in Islip Terrace. With prices increasing and appreciation rates above the national average, now is the perfect time to purchase property in Islip Terrace.
The median home cost in Islip Terrace is $407,900. Home appreciation the last 10 years has been 71.3%. Home Appreciation in Islip Terrace is up 13.1%.
Average Age of Homes
- The median age of Islip Terrace real estate is 56 years old
The Rental Market in Islip Terrace
- Renters make up 10.7% of the Islip Terrace population
- 1.9% of houses and apartments in Islip Terrace, 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.