South Hill, VA is a great place to live in terms of housing. According to the data provided, the median value of housing in South Hill is at $153,700 which is considerably lower than the national median value of $338,100. This makes purchasing a home in South Hill very affordable for potential buyers. In addition, the 1 year house appreciation rate in South Hill has been 13.65%, much higher than the national average of 8.27%. This means that property values have been rapidly increasing in South Hill over the last year, making investing here even more attractive and rewarding for potential buyers.
The median home cost in South Hill is $153,700. Home appreciation the last 10 years has been 57.2%. Home Appreciation in South Hill is up 16.2%.
Average Age of Homes
- The median age of South Hill real estate is 47 years old
The Rental Market in South Hill
- Renters make up 35.4% of the South Hill population
- 0.0% of houses and apartments in South Hill, 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.