Housing in Gates, NY is more affordable than the US House Median Value at $185,400. Over the last year, housing in Gates has appreciated faster than the US average with a 10.02% increase. This appreciation rate makes Gates an ideal market for potential homeowners looking to invest. With a lower median value and higher appreciation rate, buyers can expect to have their investments pay off over time.
The median home cost in Gates is $185,400. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Gates is up 14.2%.
Average Age of Homes
- The median age of Gates real estate is 48 years old
The Rental Market in Gates
- Renters make up 24.9% of the Gates population
- 1.8% of houses and apartments in Gates, 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.