Harrisonburg, VA is a great place to live and invest in housing. The median value of homes in Harrisonburg is $289,000, which is significantly lower than the US median home value of $338,100. The US experienced a one-year house appreciation rate of 8.27%, while Harrisonburg saw appreciation rates at 19.13%. This makes Harrisonburg an attractive place to buy a house as it offers excellent value for money and significant potential for appreciation.
The median home cost in Harrisonburg is $289,000. Home appreciation the last 10 years has been 61.3%. Home Appreciation in Harrisonburg is up 14.3%.
Average Age of Homes
- The median age of Harrisonburg real estate is 32 years old
The Rental Market in Harrisonburg
- Renters make up 57.4% of the Harrisonburg population
- 2.5% of houses and apartments in Harrisonburg, 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.