Wells, NY is a great place to invest in housing. The median value of homes in Wells is $266,200, which is significantly lower than the US median value of $338,100. This provides an interesting opportunity for potential buyers as they can get more home for their money. In addition, the one year appreciation rate for homes in Wells is 12.23%, which is higher than the national average of 8.27%. Therefore, investing in housing in Wells can be a lucrative option and could yield a positive return on investment over time.
The median home cost in Wells is $266,200. Home appreciation the last 10 years has been 52.6%. Home Appreciation in Wells is up 11.9%.
Average Age of Homes
- The median age of Wells real estate is 53 years old
The Rental Market in Wells
- Renters make up 6.5% of the Wells population
- 0.0% of houses and apartments in Wells, 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.