Housing in Appalachia, VA is significantly lower than the United States median value of $338,100. The median value in Appalachia comes to $61,600 which is a considerable disparity. However, what it lacks in absolute value compared to the national average it makes up for with greater appreciation rates. Over the past year, house values in Appalachia have appreciated at a rate of 18.69% whereas the U.S. average was only 8.27%. This higher appreciation rate indicates that housing in Appalachia is a strong investment opportunity and an attractive option for potential buyers and investors alike.
The median home cost in Appalachia is $61,600. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Appalachia is up 22.5%.
Average Age of Homes
- The median age of Appalachia real estate is 58 years old
The Rental Market in Appalachia
- Renters make up 33.6% of the Appalachia population
- 4.1% of houses and apartments in Appalachia, 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.