The housing market in Newark Valley, NY is an attractive option for potential buyers. The median value of a house in Newark Valley is $169,300 which is much lower than the US house median value of $338,100. Furthermore, the appreciation rate of houses in the area is 8.92%, which is higher than the national appreciation rate of 8.27%. This means that homeowners can expect to see an increase in their property values over time. With a combination of relatively low prices and high appreciation rates, Newark Valley is a great place for those looking to make investments in real estate.
The median home cost in Newark Valley is $169,300. Home appreciation the last 10 years has been 50.8%. Home Appreciation in Newark Valley is up 14.8%.
Average Age of Homes
- The median age of Newark Valley real estate is 49 years old
The Rental Market in Newark Valley
- Renters make up 17.2% of the Newark Valley population
- 0.3% of houses and apartments in Newark Valley, 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.