The housing market in Lake of the Woods, VA is strong. The median value of homes sits well above the US median value at $343,800. This is evidence of a healthy and stable housing market. Additionally, appreciation rates for homes in this location have been on the rise over the past year, reaching 13.12%, which is higher than the national rate of 8.27%. These figures suggest that now may be a good time to invest in property in Lake of the Woods, VA if looking to purchase a home or make an investment.
The median home cost in Lake of the Woods is $343,800. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Lake of the Woods is up 15.5%.
Average Age of Homes
- The median age of Lake of the Woods real estate is 26 years old
The Rental Market in Lake of the Woods
- Renters make up 9.2% of the Lake of the Woods population
- 0.0% of houses and apartments in Lake of the Woods, 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.