Scottsville, VA is an attractive area for potential homebuyers due to its comparatively lower housing median value of $274,900 and higher 1 year house appreciation rate of 14.49%. While the US median value is significantly higher at $338,100 and 1 year house appreciation rate is 8.27%, Scottsville offers good value in terms of housing prices and a reasonable rate of return on investment. The area has seen steady growth in recent years as more people have been drawn to the area for both its affordability and relative stability in the housing market. For those looking to buy in Scottsville, now may be a great time to enter the market.
The median home cost in Scottsville is $274,900. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Scottsville is up 17.9%.
Average Age of Homes
- The median age of Scottsville real estate is 68 years old
The Rental Market in Scottsville
- Renters make up 36.5% of the Scottsville population
- 0.0% of houses and apartments in Scottsville, 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.