In 24551 Forest, VA the housing median value is $351,600, which is higher than the US median of $338,100. Furthermore, the one year appreciation rate for housing in 24551 Forest is 14.49%, significantly higher than the US national average of 8.27%. This indicates that housing in 24551 Forest has been appreciating at a rapid pace and could be an attractive option for potential home buyers or investors who are looking to capitalize on a growing market.
The median home cost in Forest (zip 24551) is $351,600. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Forest (zip 24551) is up 17.9%.
Average Age of Homes
- The median age of Forest (zip 24551) real estate is 26 years old
The Rental Market in Forest (zip 24551)
- Renters make up 12.7% of the Forest (zip 24551) population
- 1.4% of houses and apartments in Forest (zip 24551), 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.