The housing market in Lowes Island, VA is a strong one. The median value of a house in the area is $751,100, which is significantly higher than the US median value of $338,100. While the US experienced an 8.27% appreciation in home values over the past year, homes in Lowes Island also appreciated but at a slightly lower rate of 7.15%. This shows that real estate in Lowes Island has held its value better than the national average and is an attractive property investment option for those seeking to invest and live in this region.
The median home cost in Lowes Island is $751,100. Home appreciation the last 10 years has been 65.5%. Home Appreciation in Lowes Island is up 8.1%.
Average Age of Homes
- The median age of Lowes Island real estate is 20 years old
The Rental Market in Lowes Island
- Renters make up 10.2% of the Lowes Island population
- 0.5% of houses and apartments in Lowes Island, 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.