The Upper West Side of New York City is a highly desirable location, evidenced by the median value of homes being $1,583,600. This is significantly higher than the national median housing value of $338,100 and demonstrates the desirability of this particular neighborhood. Additionally, over the past year this area has experienced an appreciation rate in housing values of 8.22%, which is just below the national average of 8.27%. This makes it an attractive option for those looking to invest in real estate and take advantage of the consistent appreciation in prices.
The median home cost in Upper West Side (zip 10024) is $1,583,600. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Upper West Side (zip 10024) is up 10.8%.
Average Age of Homes
- The median age of Upper West Side (zip 10024) real estate is 78 years old
The Rental Market in Upper West Side (zip 10024)
- Renters make up 54.9% of the Upper West Side (zip 10024) population
- 3.7% of houses and apartments in Upper West Side (zip 10024), 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.