The housing market in Salamanca, NY is thriving. The median value of homes is currently $98,500, which is much lower than the US median value of $338,100. In the past year, the US saw an 8.27% increase in home values while Salamanca saw a 12.09% rise in value, indicating that there is an opportunity for continued growth in the near future. With its lower costs and potential for increased appreciation, Salamanca provides an ideal environment for prospective homeowners looking to invest in real estate.
The median home cost in Salamanca is $98,500. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Salamanca is up 14.6%.
Average Age of Homes
- The median age of Salamanca real estate is 78 years old
The Rental Market in Salamanca
- Renters make up 41.2% of the Salamanca population
- 3.2% of houses and apartments in Salamanca, 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.