Metropolitan Statistical Area (MSA):
Auburn, NY is a Metropolitan Statistical Area (MSA) comprising counties including .
There are many factors influencing real estate trends in the Auburn, NY metropolitan statistical area (MSA). The economy is a big one. When the economy is good, people are more likely to buy or upgrade homes. The population is another factor. If the population in an area is growing, that usually means there's more demand for housing.
The median home value in Auburn, NY is $142,100. Home values have gone up 3.4% over the past year and Zillow predicts they will rise 2.5% within the next year. The median price of homes currently listed in Auburn is $149,900 while the median price of homes that sold is $144,600. The median rent price in Auburn is $950, which is unchanged from last year and slightly higher than the national average of $949.
Auburn's real estate market is fairly typical for upstate New York – not as expensive as downstate markets like New York City or Long Island, but still pricier than many other parts of the country. However, there are some pockets of affordability within Auburn – particularly if you're willing to live a little further out from downtown (where prices are highest).