The housing market in Amherst, VA is quite impressive. The median value of homes in the area is $252,200, which is significantly lower than the US house median value of $338,100. Nonetheless, home values in Amherst, VA have seen a very healthy appreciation rate of 14.49% over the past year compared to the US overall rate of 8.27%. This indicates that Amherst, VA is a desirable and growing market for potential homeowners.
The median home cost in Amherst is $252,200. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Amherst is up 17.9%.
Average Age of Homes
- The median age of Amherst real estate is 41 years old
The Rental Market in Amherst
- Renters make up 34.6% of the Amherst population
- 0.0% of houses and apartments in Amherst, 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.