The housing market in Floyd, VA is performing remarkably well. The median value of a house in the area is $228,700, which is significantly lower than the US national median value of $338,100. Despite this lower price point, Floyd has seen an impressive 1 year house appreciation rate of 11.69%, dwarfing the national average of 8.27%. This indicates there is strong demand for property in Floyd and that prices are likely to remain high or increase further in the coming years.
The median home cost in Floyd is $228,700. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Floyd is up 17.1%.
Average Age of Homes
- The median age of Floyd real estate is 56 years old
The Rental Market in Floyd
- Renters make up 46.6% of the Floyd population
- 0.0% of houses and apartments in Floyd, 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.