The housing market in 11050 Port Washington, NY is performing well compared to the national average. According to recent data, the median value of housing in this area is $1,092,100 which is significantly higher than the US house median value of $338,100. Additionally the one year house appreciation rate for this area is 7.99%, slightly lower than the national average of 8.27%. This indicates that real estate investments here are likely to yield good returns over time. Therefore this area remains an attractive option for those seeking to purchase or invest in property in the near future.
The median home cost in Port Washington (zip 11050) is $1,092,100. Home appreciation the last 10 years has been 70.5%. Home Appreciation in Port Washington (zip 11050) is up 11.6%.
Average Age of Homes
- The median age of Port Washington (zip 11050) real estate is 59 years old
The Rental Market in Port Washington (zip 11050)
- Renters make up 30.4% of the Port Washington (zip 11050) population
- 1.3% of houses and apartments in Port Washington (zip 11050), 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.