Washington Heights, NY is a vibrant neighborhood in New York City with an impressive housing market. The median value of housing in the area stands at $291,500, which is below the US House median value of $338,100. However, the one year appreciation rate for houses in Washington Heights has been higher than the US overall rate of 8.27%, at 14.52%. This trend is indicative of a growing real estate market that offers significant potential for homeowners and investors alike. The area also benefits from its prime location near downtown Manhattan and plentiful recreational opportunities, making it an attractive option for anyone looking to buy or rent a home in the city.
The median home cost in Washington Heights is $291,500. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Washington Heights is up 17.6%.
Average Age of Homes
- The median age of Washington Heights real estate is 53 years old
The Rental Market in Washington Heights
- Renters make up 15.9% of the Washington Heights population
- 0.0% of houses and apartments in Washington Heights, 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.