The housing market in Boones Mill, VA is thriving; the median value of houses in this area is $264,700, which is significantly lower than the US median house value of $338,100. Additionally, the one year appreciation rate for houses in Boones Mill is 11.69%, which is above the national average of 8.27%. This demonstrates that real estate investment in Boones Mill is a good option for potential homeowners and investors alike.
The median home cost in Boones Mill is $264,700. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Boones Mill is up 17.1%.
Average Age of Homes
- The median age of Boones Mill real estate is 62 years old
The Rental Market in Boones Mill
- Renters make up 8.3% of the Boones Mill population
- 1.0% of houses and apartments in Boones Mill, 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.