The housing market in Junction, KS is strong and growing. The median value of a home there is $215,900, which is significantly lower than the U.S. median value of $338,100. Over the past year, the appreciation rate for houses in Junction has been 11.24%, more than three points higher than the national average of 8.27%. This indicates that the housing market is healthy and homes are increasing in value at a fast pace. These trends suggest that now may be an ideal time to invest in real estate in Junction as prices remain relatively low while appreciation rates remain high.
The median home cost in Junction is $215,900. Home appreciation the last 10 years has been 54.2%. Home Appreciation in Junction is up 13.9%.
Average Age of Homes
- The median age of Junction real estate is 31 years old
The Rental Market in Junction
- Renters make up 6.7% of the Junction population
- 0.7% of houses and apartments in Junction, 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.