Broome, NY County is a great place to invest in housing. The median value of a house in the county is $154,600, which is significantly lower than the US median value of $338,100. Additionally, houses in Broome, NY County have appreciated at a rate of 9.68% over the last year, compared to 8.27% for homes across the United States. Therefore, investing in housing in Broome County is an attractive proposition for potential buyers and investors alike who want to get a great return on their investment.
The median home cost in Broome County is $154,600. Home appreciation the last 10 years has been 50.8%. Home Appreciation in Broome County is up 14.8%.
Average Age of Homes
- The median age of Broome County real estate is 61 years old
The Rental Market in Broome County
- Renters make up 29.9% of the Broome County population
- 2.7% of houses and apartments in Broome County, 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.