The housing market in 11702 Babylon, NY is quite strong; it has a median value of $577,800, which is significantly higher than the US median value of $338,100. Furthermore, over the last year house appreciation in this locale has been 9.97%, compared to the US appreciation of 8.27%. This indicates that Babylon's housing market is experiencing a period of strong growth; making it a great destination for those looking for an investment in real estate.
The median home cost in Babylon (zip 11702) is $577,800. Home appreciation the last 10 years has been 71.3%. Home Appreciation in Babylon (zip 11702) is up 13.1%.
Average Age of Homes
- The median age of Babylon (zip 11702) real estate is 61 years old
The Rental Market in Babylon (zip 11702)
- Renters make up 20.9% of the Babylon (zip 11702) population
- 0.9% of houses and apartments in Babylon (zip 11702), 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.