The housing market in 11223 New York, NY is much more expensive than the US average. The median house value in the area is around $945,000, which is almost three times the national median house value of $338,100. While housing prices have risen by 8.27% nationally over the past year, in 11223 they have appreciated by 5.12%. This slower rate of appreciation may be due to the already high cost of living and lack of affordability in this area.
The median home cost in New York (zip 11223) is $945,000. Home appreciation the last 10 years has been 71.7%. Home Appreciation in New York (zip 11223) is up 4.0%.
Average Age of Homes
- The median age of New York (zip 11223) real estate is 78 years old
The Rental Market in New York (zip 11223)
- Renters make up 57.1% of the New York (zip 11223) population
- 0.8% of houses and apartments in New York (zip 11223), 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.