The housing market in Stephentown, NY is thriving. The median value of a house in the area is $242,800, which is significantly lower than the US median of $338,100. Additionally, the appreciation rate for houses in Stephentown over the last year has been 11.65%, higher than the US average of 8.27%. This trend indicates that this rural area in upstate New York is experiencing a housing boom, providing an attractive option for potential homebuyers who wish to purchase a property at a reasonable price and see their investment grow quickly.
The median home cost in Stephentown is $242,800. Home appreciation the last 10 years has been 51.8%. Home Appreciation in Stephentown is up 11.9%.
Average Age of Homes
- The median age of Stephentown real estate is 35 years old
The Rental Market in Stephentown
- Renters make up 12.1% of the Stephentown population
- 2.1% of houses and apartments in Stephentown, 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.