Lynbrook, NY is an affluent community known for its beautiful homes and desirable real estate. The median value of housing in the area exceeds the national average by nearly double, standing at an impressive $637,400. Meanwhile, US house values have appreciated at a rate of 8.27% over the past year. In Lynbrook, this appreciation rate has been even higher at 8.72%, indicating that local property values are rising faster than the national average. This makes Lynbrook a great place to invest in residential real estate, as prices are sure to continue increasing over time.
The median home cost in Lynbrook is $637,400. Home appreciation the last 10 years has been 75.2%. Home Appreciation in Lynbrook is up 12.8%.
Average Age of Homes
- The median age of Lynbrook real estate is 73 years old
The Rental Market in Lynbrook
- Renters make up 24.8% of the Lynbrook population
- 0.5% of houses and apartments in Lynbrook, 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.