The housing market in 12550 Newburgh, NY is thriving. The median housing value in the area is $312,200, which is slightly lower than the national median housing value of $338,100. In the last year alone, the appreciation rate for homes in the 12550 Newburgh area was 10.37%, higher than the US average of 8.27%. This trend suggests that this area continues to be a desirable location to purchase a home and that those who do so are likely to see a return on their investment.
The median home cost in Newburgh (zip 12550) is $312,200. Home appreciation the last 10 years has been 71.1%. Home Appreciation in Newburgh (zip 12550) is up 14.0%.
Average Age of Homes
- The median age of Newburgh (zip 12550) real estate is 62 years old
The Rental Market in Newburgh (zip 12550)
- Renters make up 36.3% of the Newburgh (zip 12550) population
- 1.2% of houses and apartments in Newburgh (zip 12550), 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.