Philmont, NY has an impressive median housing value of $255,300, which is significantly lower than the US median housing value of $338,100. In the past year, the national appreciation rate for homes was 8.27%, however Philmont's appreciation rate was even higher at 10.37%. This indicates that Philmont is a great location to purchase a home, as prices are already lower and there is potential for additional appreciation in value in the future.
The median home cost in Philmont is $255,300. Home appreciation the last 10 years has been 71.1%. Home Appreciation in Philmont is up 14.0%.
Average Age of Homes
- The median age of Philmont real estate is 78 years old
The Rental Market in Philmont
- Renters make up 38.7% of the Philmont population
- 3.2% of houses and apartments in Philmont, 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.