The housing market in 12121 Melrose, NY is doing very well, with the median value of homes in the area being $282,500. This is significantly less than the US median house value of $338,100, but is still a considerable amount. Additionally, the 1 year house appreciation rate for this part of New York is much higher than that of the US as a whole at 12.23%, indicating a healthy and growing housing market. Therefore it can be concluded that investing in real estate in 12121 Melrose, NY would be a wise decision and will continue to provide steady growth over time.
The median home cost in Melrose (zip 12121) is $282,500. Home appreciation the last 10 years has been 52.6%. Home Appreciation in Melrose (zip 12121) is up 11.9%.
Average Age of Homes
- The median age of Melrose (zip 12121) real estate is 47 years old
The Rental Market in Melrose (zip 12121)
- Renters make up 8.3% of the Melrose (zip 12121) population
- 0.0% of houses and apartments in Melrose (zip 12121), 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.