Short Pump, VA is a desirable area for homeowners to invest in, as evidenced by the median housing value of $479,700. This is significantly higher than the US median housing value of $338,100 and also has seen a greater appreciation rate of 13.70% over the past year compared to the national average of 8.27%. This makes Short Pump an attractive option for potential buyers looking for increased returns on their investment.
The median home cost in Short Pump is $479,700. Home appreciation the last 10 years has been 83.4%. Home Appreciation in Short Pump is up 14.7%.
Average Age of Homes
- The median age of Short Pump real estate is 19 years old
The Rental Market in Short Pump
- Renters make up 34.2% of the Short Pump population
- 1.2% of houses and apartments in Short Pump, 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.