West Point, VA has seen a significant appreciation in housing values over the past year. The median value of homes in West Point, VA is $295,300, while the US median value is $338,100. The one-year appreciation rate for the entire US is 8.27%, but the one-year appreciation rate for West Point is 11.54%. This shows that there has been an impressive increase in home values in West Point compared to the national average. Homeowners and real estate investors can both benefit from this current trend of strong housing market growth in West Point, VA.
The median home cost in West Point is $295,300. Home appreciation the last 10 years has been 70.2%. Home Appreciation in West Point is up 15.6%.
Average Age of Homes
- The median age of West Point real estate is 41 years old
The Rental Market in West Point
- Renters make up 29.1% of the West Point population
- 0.0% of houses and apartments in West Point, 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.