The housing market in Malone, NY is thriving. The median value of a house in Malone is $138,300, which is significantly lower than the US median value of $338,100. Despite this lower cost of entry into the housing market relative to other areas in the country, Malone’s real estate has seen an impressive 12.09% appreciation over the past year, compared to 8.27% for the US as a whole. This makes Malone a great place to invest in housing and provides local buyers with some excellent opportunities to enter the real estate market at affordable prices that are likely to hold their value or even appreciate over time.
The median home cost in Malone is $138,300. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Malone is up 14.6%.
Average Age of Homes
- The median age of Malone real estate is 62 years old
The Rental Market in Malone
- Renters make up 28.7% of the Malone population
- 2.1% of houses and apartments in Malone, 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.