Redwood, NY is a great place for homeowners looking to invest in real estate. The median value of homes in Redwood is $179,000, much lower than the national median value of $338,100. However, the appreciation rate of homes in Redwood is currently higher than the national rate at 9.27%. This makes investing in a home in Redwood a great option as you are likely to see your investment increase rapidly.
The median home cost in Redwood is $179,000. Home appreciation the last 10 years has been 30.9%. Home Appreciation in Redwood is up 11.4%.
Average Age of Homes
- The median age of Redwood real estate is 78 years old
The Rental Market in Redwood
- Renters make up 33.7% of the Redwood population
- 0.0% of houses and apartments in Redwood, 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.