The housing market in Penhook, VA is very robust. The median value of a house in the area is $503,700 which significantly exceeds the US House Median Value of $338,100. Furthermore, over the last year, the appreciation rate of housing in Penhook, VA has been 15.80%, much higher than the US 1 year House Appreciation of 8.27%. This shows that Penhook, VA is experiencing a healthy and growing housing market that is attracting buyers from all over.
The median home cost in Penhook is $503,700. Home appreciation the last 10 years has been 55.9%. Home Appreciation in Penhook is up 15.8%.
Average Age of Homes
- The median age of Penhook real estate is 22 years old
The Rental Market in Penhook
- Renters make up 3.4% of the Penhook population
- 0.0% of houses and apartments in Penhook, 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.