Smithtown, NY is an affluent area with a high median housing value of $902,000. This is much higher than the US median house value of $338,100, illustrating the desirability and wealth of Smithtown. The 1 year appreciation rate for housing in Smithtown is also 9.96%, which is even higher than the US average of 8.27%. These factors combined make Smithtown a desirable place to live for those looking for a luxurious home or strong investment return.
The median home cost in Smithtown is $902,000. Home appreciation the last 10 years has been 71.3%. Home Appreciation in Smithtown is up 13.1%.
Average Age of Homes
- The median age of Smithtown real estate is 50 years old
The Rental Market in Smithtown
- Renters make up 11.2% of the Smithtown population
- 0.4% of houses and apartments in Smithtown, 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.