The housing market in 13402 Madison, NY is doing very well, with a median house value of $168,600. This is much lower than the US median house value of $338,100 and marks a substantial difference in the affordability of housing in this area. Despite being lower than the US average, the 1 year appreciation rate for houses in this area was 11.97%, which is higher than the national appreciation rate of 8.27%. This indicates that people are drawn to this area by the low cost housing along with attractive investment opportunities.
The median home cost in Madison (zip 13402) is $168,600. Home appreciation the last 10 years has been 74.7%. Home Appreciation in Madison (zip 13402) is up 15.8%.
Average Age of Homes
- The median age of Madison (zip 13402) real estate is 48 years old
The Rental Market in Madison (zip 13402)
- Renters make up 8.3% of the Madison (zip 13402) population
- 0.7% of houses and apartments in Madison (zip 13402), 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.