The housing market in Bristol, VA is flourishing. The median value of a house in the city is $165,100, which is significantly lower than the US House Median Value of $338,100. Despite this disparity, the 1 year house appreciation rate in Bristol is impressive; with a 18.69% rate of return compared to the US 1 year appreciation rate of 8.27%. This makes Bristol a desirable location for potential home buyers and investors alike, as it offers an exceptional long-term return on investment.
The median home cost in Bristol is $165,100. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Bristol is up 22.5%.
Average Age of Homes
- The median age of Bristol real estate is 51 years old
The Rental Market in Bristol
- Renters make up 39.3% of the Bristol population
- 3.2% of houses and apartments in Bristol, 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.