West Springfield, VA is an affluent area with a higher median housing value than the national average. According to recent data, the median value for houses in West Springfield, VA is $614,200 while the US median house value is currently at $338,100. Additionally, the US has experienced a one year appreciation of 8.27%, while West Springfield had a slightly lower but still healthy appreciation rate of 4.61%. This suggests that people are continuing to invest in housing within this desirable community and that it is a wise investment option for those interested in buying property here.
The median home cost in West Springfield is $614,200. Home appreciation the last 10 years has been 63.1%. Home Appreciation in West Springfield is up 11.4%.
Average Age of Homes
- The median age of West Springfield real estate is 45 years old
The Rental Market in West Springfield
- Renters make up 19.1% of the West Springfield population
- 0.5% of houses and apartments in West Springfield, 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.