The housing market in 11226 New York, NY is relatively strong. According to the given context, the median house value in this area is $676,400, which is significantly higher than the national median house value of $338,100. This indicates that housing prices here tend to be more expensive than in other parts of the country. Additionally, the one-year house appreciation rate in 11226 New York, NY is 5.12%, which is lower than the national rate of 8.27%. Despite this difference, it still shows that there has been an increase in value over the past year and this area remains a great investment for potential home buyers and real estate investors alike.
The median home cost in New York (zip 11226) is $676,400. Home appreciation the last 10 years has been 71.7%. Home Appreciation in New York (zip 11226) is up 4.0%.
Average Age of Homes
- The median age of New York (zip 11226) real estate is 78 years old
The Rental Market in New York (zip 11226)
- Renters make up 79.4% of the New York (zip 11226) population
- 3.5% of houses and apartments in New York (zip 11226), 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.