12874 Silver Bay, NY is an affluent area with a median house value of $951,000. This is significantly higher than the US median house value of $338,100 and indicates that the housing in this area is very desirable. Furthermore, the 1 year house appreciation rate of 9.95% in this neighborhood is greater than the US average of 8.27%, further demonstrating strong demand for housing in this area. Therefore, it can be concluded that investing in property in 12874 Silver Bay, NY would be a good option for those looking to increase their net worth over time.
The median home cost in Silver Bay (zip 12874) is $951,000. Home appreciation the last 10 years has been 56.3%. Home Appreciation in Silver Bay (zip 12874) is up 13.4%.
Average Age of Homes
- The median age of Silver Bay (zip 12874) real estate is 49 years old
The Rental Market in Silver Bay (zip 12874)
- Renters make up 1.0% of the Silver Bay (zip 12874) population
- 0.0% of houses and apartments in Silver Bay (zip 12874), 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.