The housing market in Riga, NY is thriving. The median value of houses in Riga stands at $244,100 which is significantly lower than the US median value of $338,100. Over the past year, house appreciation in Riga has been higher than the national average at 11.08%, compared to 8.27%. This shows that the housing market in Riga has strong potential for growth and could be a great investment for those looking to buy or rent.
The median home cost in Riga is $244,100. Home appreciation the last 10 years has been 64.9%. Home Appreciation in Riga is up 11.7%.
Average Age of Homes
- The median age of Riga real estate is 44 years old
The Rental Market in Riga
- Renters make up 7.5% of the Riga population
- 0.8% of houses and apartments in Riga, 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.