The housing market in Clifton Forge, VA is enjoying a strong appreciation rate compared to the national average. The median value of homes in Clifton Forge is $116,900, while the US median home value is over double at $338,100. The US one year house appreciation rate as of 2020 is 8.27%, but in Clifton Forge that number has jumped to 12.12%. This shows that the housing market in this area has been growing significantly and provides a great opportunity for potential homeowners or investors looking to take advantage of this positive trend.
The median home cost in Clifton Forge is $116,900. Home appreciation the last 10 years has been 54.3%. Home Appreciation in Clifton Forge is up 14.6%.
Average Age of Homes
- The median age of Clifton Forge real estate is 72 years old
The Rental Market in Clifton Forge
- Renters make up 33.5% of the Clifton Forge population
- 2.7% of houses and apartments in Clifton Forge, 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.