The housing market in 06371 Old Lyme, CT is performing well above the national average. The median value of a house in the area is $499,700, which is significantly higher than the US median value of $338,100. Furthermore, the appreciation rate for homes in Old Lyme over the past year has been 11.43%, whereas the US appreciation rate over the same period was 8.27%. This indicates that housing prices are on an upward trajectory for this city and may continue to rise over time.
The median home cost in Old Lyme (zip 06371) is $499,700. Home appreciation the last 10 years has been 58.4%. Home Appreciation in Old Lyme (zip 06371) is up 13.4%.
Average Age of Homes
- The median age of Old Lyme (zip 06371) real estate is 53 years old
The Rental Market in Old Lyme (zip 06371)
- Renters make up 12.7% of the Old Lyme (zip 06371) population
- 0.4% of houses and apartments in Old Lyme (zip 06371), 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.