The housing market in Lake Success, NY is very strong. The median value for a house in the area is $1,381,700, which is significantly higher than the US House median value of $338,100. The US has experienced a 1 year appreciation of 8.27%, while Lake Success has seen a slightly lower rate of appreciation at 7.99%. This indicates that the value of homes in Lake Success is steadily increasing and remains an attractive option for those looking to purchase property in the area.
The median home cost in Lake Success is $1,381,700. Home appreciation the last 10 years has been 70.5%. Home Appreciation in Lake Success is up 11.6%.
Average Age of Homes
- The median age of Lake Success real estate is 62 years old
The Rental Market in Lake Success
- Renters make up 3.1% of the Lake Success population
- 0.0% of houses and apartments in Lake Success, 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.