Hot Springs, VA is a vibrant and desirable area for housing, with the median value of homes being significantly lower than the US median value at $184,800. Despite this, the area has seen an impressive 12.12% appreciation rate in the past year, considerably more than the 8.27% national average. The Hot Springs area offers a range of quality housing options at more affordable prices than other parts of the country.
The median home cost in Hot Springs is $184,800. Home appreciation the last 10 years has been 54.3%. Home Appreciation in Hot Springs is up 14.6%.
Average Age of Homes
- The median age of Hot Springs real estate is 66 years old
The Rental Market in Hot Springs
- Renters make up 24.2% of the Hot Springs population
- 0.0% of houses and apartments in Hot Springs, 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.