New Kent, VA is known for its housing market, boasting a median value of $374,200- substantially higher than the US median house value of $338,100. In addition to having a higher median home value than the national average, New Kent has also seen greater appreciation in the past year at 11.54%, compared to 8.27% nationwide. This makes New Kent an attractive destination for people looking to invest in real estate or purchase a new home. With its combination of high median values and strong appreciation rates, New Kent has become one of the most popular cities in Virginia for prospective homeowners.
The median home cost in New Kent is $374,200. Home appreciation the last 10 years has been 70.2%. Home Appreciation in New Kent is up 15.6%.
Average Age of Homes
- The median age of New Kent real estate is 19 years old
The Rental Market in New Kent
- Renters make up 0.0% of the New Kent population
- 0.0% of houses and apartments in New Kent, 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.