The housing market in 11971 Southold, NY is flourishing. The median value of homes is $893,300, which is significantly higher than the US house median value of $338,100. Furthermore, the house appreciation rate in Southold has been an impressive 13.07%, much more accelerated than the US 1 year appreciation rate of 8.27%. This indicates that home values in Southold are increasing rapidly compared to other areas in the country. Overall, Southold is a desirable location for housing and remains a lucrative investment opportunity for those looking to purchase property in this area.
The median home cost in Southold (zip 11971) is $893,300. Home appreciation the last 10 years has been 83.6%. Home Appreciation in Southold (zip 11971) is up 16.1%.
Average Age of Homes
- The median age of Southold (zip 11971) real estate is 42 years old
The Rental Market in Southold (zip 11971)
- Renters make up 6.8% of the Southold (zip 11971) population
- 0.5% of houses and apartments in Southold (zip 11971), 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.