New Rochelle, NY is a desirable place to live with its median house value being $781,900. This is higher than the US House Median Value of $338,100, showing that New Rochelle is an affluent area. The US 1 year House Appreciation rate in 8.27%, and the 1 year appreciation rate for houses in New Rochelle is 8.21%. This means that house prices in New Rochelle are continuing to rise, making it a great time to purchase a home there. With its strong economy and high median house values, it's no wonder why New Rochelle is such a popular destination for people looking to buy a home.
The median home cost in New Rochelle is $781,900. Home appreciation the last 10 years has been 62.1%. Home Appreciation in New Rochelle is up 10.8%.
Average Age of Homes
- The median age of New Rochelle real estate is 66 years old
The Rental Market in New Rochelle
- Renters make up 47.3% of the New Rochelle population
- 0.5% of houses and apartments in New Rochelle, 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.