Rio, FL has seen a healthy increase in housing median value over the last year. The current median value is $270,500, which is much lower than the US median value of $338,100. However, this lower price point has allowed the 1 year house appreciation rate to climb to 17.85%, far higher than the national average of 8.27%. This indicates that Rio's housing market is strong and provides a great opportunity for potential buyers looking for a good deal on their dream home.
The median home cost in Rio is $270,500. Home appreciation the last 10 years has been 231.4%. Home Appreciation in Rio is up 27.2%.
Average Age of Homes
- The median age of Rio real estate is 40 years old
The Rental Market in Rio
- Renters make up 25.7% of the Rio population
- 0.0% of houses and apartments in Rio, 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.