The housing market in the Amsterdam, NY Metro Area has been rising steadily over the past year, with a median value of $158,500. This is much lower than the US median value at $338,100 but still shows an impressive appreciation rate of 11.69%, higher than the national average of 8.27%. The increase in valuations can be attributed to local businesses and amenities growing in popularity, as well as an increasingly attractive job market for young professionals.
The median home cost in Amsterdam Metro Area is $158,500. Home appreciation the last 10 years has been 56.8%. Home Appreciation in Amsterdam Metro Area is up 13.0%.
Average Age of Homes
- The median age of Amsterdam Metro Area real estate is 73 years old
The Rental Market in Amsterdam Metro Area
- Renters make up 27.7% of the Amsterdam Metro Area population
- 1.1% of houses and apartments in Amsterdam Metro Area, 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.