Newburgh, NY has seen an increase in housing median value over the last year. The median value of a house is currently $193,900, which is significantly lower than the US House Median Value of $338,100. Despite this gap in median values, Newburgh has experienced a larger 1 year house appreciation rate of 10.37%, compared to the US 1 year house appreciation rate of 8.27%. This suggests that Newburgh's housing market is growing at a faster pace than the rest of the country. Consequently, homeowners in Newburgh can expect to see their property values increase over time and potentially make lucrative investments in real estate.
The median home cost in Newburgh is $193,900. Home appreciation the last 10 years has been 71.1%. Home Appreciation in Newburgh is up 14.0%.
Average Age of Homes
- The median age of Newburgh real estate is 78 years old
The Rental Market in Newburgh
- Renters make up 54.1% of the Newburgh population
- 2.1% of houses and apartments in Newburgh, 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.