Long Beach, NY is a city known for its high housing prices. The median value of a house in Long Beach is currently $673,700, which is almost double the median value of the US at $338,100. In addition to this high cost of living, the appreciation rate of housing over the past year in Long Beach was 8.72%, slightly higher than the national average of 8.27%. It's clear that Long Beach has one of the more expensive housing markets in the country and its appreciation rate shows that it is a desirable place to buy property.
The median home cost in Long Beach is $673,700. Home appreciation the last 10 years has been 75.2%. Home Appreciation in Long Beach is up 12.8%.
Average Age of Homes
- The median age of Long Beach real estate is 60 years old
The Rental Market in Long Beach
- Renters make up 39.6% of the Long Beach population
- 0.5% of houses and apartments in Long Beach, 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.