The housing market in South Lockport, NY is a great place for potential homeowners. The median value of homes in the area is $131,700 which is much lower than the national median value of $338,100. Not only does this make South Lockport more affordable than other areas but it is also experiencing an appreciation rate of 10.81%, higher than the national rate of 8.27%. This makes it an attractive option for those looking to buy a home as the increase in house prices should mean that their investment increases in value over time.
The median home cost in South Lockport is $131,700. Home appreciation the last 10 years has been 85.1%. Home Appreciation in South Lockport is up 13.0%.
Average Age of Homes
- The median age of South Lockport real estate is 31 years old
The Rental Market in South Lockport
- Renters make up 30.6% of the South Lockport population
- 0.0% of houses and apartments in South Lockport, 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.