The housing market in University of Virginia, VA is thriving. The median value of a house in the area is $391,100, which is significantly higher than the US median value of $338,100. In the past year appreciation of houses in the area has been 14.98%, a much higher rate than the 8.27% national average. This shows that University of Virginia is one of the hottest spots for real estate investments right now with potential for even higher returns in the coming years.
The median home cost in University of Virginia is $391,100. Home appreciation the last 10 years has been 68.6%. Home Appreciation in University of Virginia is up 14.9%.
Average Age of Homes
- The median age of University of Virginia real estate is 34 years old
The Rental Market in University of Virginia
- Renters make up 75.2% of the University of Virginia population
- 3.9% of houses and apartments in University of Virginia, 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.