The housing market in New York State is strong, with the median value of houses being $413,600. This is significantly higher than the median value for the United States as a whole at $338,100. Additionally, the appreciation rate for homes in New York State is 8.60%, which is higher than the national average of 8.27%. These numbers demonstrate that New York State has a healthy real estate market and offers attractive investment opportunities for those wanting to buy or sell a home.
The median home cost in New York is $413,600. Home appreciation the last 10 years has been 71.6%. Home Appreciation in New York is up 13.6%.
Average Age of Homes
- The median age of New York real estate is 61 years old
The Rental Market in New York
- Renters make up 41.1% of the New York population
- 1.7% of houses and apartments in New York, 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.