STATEN ISLAND, N.Y. — Those looking to buy a new home on Staten Island can expect to pay some of the highest prices in the country, according to a new report.
Earlier this week, Porch released a new report identifying the U.S. counties with the highest and lowest median home prices, providing prospective house buyers with insight into how real estate prices within their community stack up against the rest of the country.
“The forces of high demand and limited supply have produced dramatic price increases in the housing market since the start of the pandemic. While prices had been climbing steadily since the end of the last recession, the rate of growth has been much higher since the beginning of 2020,” said Adriana Lopez of Porch.
The median home price for the U.S. as a whole is currently $303,288.
That number has grown rapidly in recent years, having increased 17.7% over the past year and 45.6% over the past five years.