The housing market in Mechanicstown, NY is thriving. The median value of a home there is $234,000, which is far below the US House median value of $338,100. Despite this, house appreciation has grown substantially in the past year at 14.52%, higher than the US national average of 8.27%. This shows that Mechanicstown's housing market is performing well and it is an attractive real estate investment for potential buyers looking to make a sound financial decision.
The median home cost in Mechanicstown is $234,000. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Mechanicstown is up 17.6%.
Average Age of Homes
- The median age of Mechanicstown real estate is 37 years old
The Rental Market in Mechanicstown
- Renters make up 50.2% of the Mechanicstown population
- 2.0% of houses and apartments in Mechanicstown, 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.