The housing market in Chester, VA is booming. The median value of a house in the area is $331,300, slightly below the US median house value of $338,100. However, despite this small difference in value, Chester's homes have seen an impressive 1 year appreciation of 12.84%, significantly higher than the 8.27% national average. This indicates that there is a high demand for property in Chester and that the city is growing rapidly.
The median home cost in Chester is $331,300. Home appreciation the last 10 years has been 77.1%. Home Appreciation in Chester is up 18.6%.
Average Age of Homes
- The median age of Chester real estate is 32 years old
The Rental Market in Chester
- Renters make up 33.2% of the Chester population
- 1.4% of houses and apartments in Chester, 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.