The housing market in Port Jervis, NY is thriving. The median value of houses in the area is $256,900, which is significantly lower than the US House Median Value of $338,100. The US has seen an 8.27% house appreciation rate over the past year, but that number rises to 12.09% in Port Jervis. This indicates that real estate values are rising at a much faster rate than the national average and may be a great opportunity for potential buyers or investors looking to get into the local housing market.
The median home cost in Port Jervis is $256,900. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Port Jervis is up 14.6%.
Average Age of Homes
- The median age of Port Jervis real estate is 78 years old
The Rental Market in Port Jervis
- Renters make up 43.3% of the Port Jervis population
- 0.7% of houses and apartments in Port Jervis, 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.