Cheriton, VA is a great place to invest in housing. The median housing value in the area is $147,100, which is lower than the US house median value of $338,100. In the past year, Cheriton has experienced a higher appreciation rate than the national average with 12.33% compared to 8.27%. This makes it a desirable location to buy property that can be expected to increase in value over time.
The median home cost in Cheriton is $147,100. Home appreciation the last 10 years has been 59.0%. Home Appreciation in Cheriton is up 13.0%.
Average Age of Homes
- The median age of Cheriton real estate is 59 years old
The Rental Market in Cheriton
- Renters make up 20.3% of the Cheriton population
- 0.0% of houses and apartments in Cheriton, 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.