Palermo, NY is a great place to invest in real estate. The housing median value is $147,400, which is significantly lower than the US House Median Value of $338,100. The US 1 year House Appreciation was 8.27%, while Palermo's 1 year appreciation was 11.18%. This means that prices are rising faster in Palermo than in the rest of the country, making it an ideal location for those looking to make a real estate investment.
The median home cost in Palermo is $147,400. Home appreciation the last 10 years has been 63.0%. Home Appreciation in Palermo is up 13.8%.
Average Age of Homes
- The median age of Palermo real estate is 40 years old
The Rental Market in Palermo
- Renters make up 23.1% of the Palermo population
- 0.0% of houses and apartments in Palermo, 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.