The housing in 11755 Lake Grove, NY is significantly above the US median value at $556,200. This is likely due to its close proximity to New York City and other desirable locations. The US housing median value is only $338,100, meaning that 11755 Lake Grove's value is almost 65% more than the national average. Furthermore, the house appreciation rate within the town of Lake Grove has been greater than the national average at 9.97%, as opposed to 8.27%. This data indicates that there must be strong demand for housing in 11755 Lake Grove and it will likely continue to appreciate in value over time.
The median home cost in Lake Grove (zip 11755) is $556,200. Home appreciation the last 10 years has been 71.3%. Home Appreciation in Lake Grove (zip 11755) is up 13.1%.
Average Age of Homes
- The median age of Lake Grove (zip 11755) real estate is 47 years old
The Rental Market in Lake Grove (zip 11755)
- Renters make up 17.4% of the Lake Grove (zip 11755) population
- 0.7% of houses and apartments in Lake Grove (zip 11755), 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.