The housing market in Watertown-Fort Drum, NY Metro Area is thriving. The median value for a house is $179,100, which is much lower than the national median of $338,100. Despite this disparity, the area has seen a respectable annual appreciation rate of 5.12%, lower than the US appreciation rate of 8.27%. This means that housing in the area is still an attractive option for many potential buyers and investors looking to get a good return on their investment.
The median home cost in Watertown-Fort Drum Metro Area is $179,100. Home appreciation the last 10 years has been 30.9%. Home Appreciation in Watertown-Fort Drum Metro Area is up 11.4%.
Average Age of Homes
- The median age of Watertown-Fort Drum Metro Area real estate is 48 years old
The Rental Market in Watertown-Fort Drum Metro Area
- Renters make up 34.0% of the Watertown-Fort Drum Metro Area population
- 2.4% of houses and apartments in Watertown-Fort Drum 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.