The housing market in Paris, NY is doing remarkably well. The median value of a house in the area stands at $261,800, which is considerably lower than the US median value of $338,100. However, what makes this area more attractive to potential buyers is the rate of appreciation over the past year at 11.97% while the US average was 8.27%. This means that houses are increasing in value at a much faster rate here than they are nationally, making it an attractive option for anyone looking to invest or purchase a home.
The median home cost in Paris is $261,800. Home appreciation the last 10 years has been 74.7%. Home Appreciation in Paris is up 15.8%.
Average Age of Homes
- The median age of Paris real estate is 55 years old
The Rental Market in Paris
- Renters make up 15.6% of the Paris population
- 0.3% of houses and apartments in Paris, 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.