Bedford, VA is a great place to live due to its affordable housing market. The median value of a home in Bedford is $218,900, which is significantly lower than the US median value of $338,100. This makes it an attractive option for first-time buyers or those who may not be able to afford more expensive real estate prices. Furthermore, Bedford has seen a 1 year house appreciation rate of 14.49%, much higher than the US average of 8.27%. This indicates that investing in Bedford's real estate market could yield greater returns than other parts of the country. All in all, Bedford is an attractive and affordable housing market with strong potential for growth.
The median home cost in Bedford is $218,900. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Bedford is up 17.9%.
Average Age of Homes
- The median age of Bedford real estate is 49 years old
The Rental Market in Bedford
- Renters make up 41.6% of the Bedford population
- 2.1% of houses and apartments in Bedford, 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.