The housing market in Machias, NY is doing well, with a median value of $127,100. This is significantly lower than the US median house value of $338,100, but the appreciation rate over the last year is higher at 10.75%, compared to 8.27% for the US as a whole. These figures suggest that Machias is an attractive area for home buyers and investors alike who are looking to benefit from rising property values.
The median home cost in Machias is $127,100. Home appreciation the last 10 years has been 87.9%. Home Appreciation in Machias is up 15.2%.
Average Age of Homes
- The median age of Machias real estate is 45 years old
The Rental Market in Machias
- Renters make up 10.3% of the Machias population
- 1.4% of houses and apartments in Machias, 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.