The housing market in Sussex, VA is booming. The median value of homes in the area is $230,700 which is far lower than the US national median of $338,100. However, over the past year there has been an impressive 12.84% appreciation rate for housing in Sussex compared to the US national average of 8.27%. This indicates that not only are homes in Sussex more affordable than elsewhere, but they also have a higher rate of return on investment when it comes to their appreciation in value.
The median home cost in Sussex is $230,700. Home appreciation the last 10 years has been 77.0%. Home Appreciation in Sussex is up 18.6%.
Average Age of Homes
- The median age of Sussex real estate is 21 years old
The Rental Market in Sussex
- Renters make up 0.0% of the Sussex population
- 0.0% of houses and apartments in Sussex, 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.