Water Mill, NY is known for its beautiful homes and high housing values. The median value of a home in Water Mill is more than 10 times the national median value at $3,617,400. In addition to high values for homes, the area also experiences higher appreciation rates than the national average. Over the last year, housing in Water Mill appreciated at a rate of 13.07%, compared to 8.27% nationwide. This makes Water Mill an attractive option for those looking to invest in housing or sell a home for a handsome profit.
The median home cost in Water Mill is $3,617,400. Home appreciation the last 10 years has been 83.6%. Home Appreciation in Water Mill is up 16.1%.
Average Age of Homes
- The median age of Water Mill real estate is 34 years old
The Rental Market in Water Mill
- Renters make up 2.8% of the Water Mill population
- 0.0% of houses and apartments in Water Mill, 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.