Brookneal, VA is an attractive area for potential home buyers due to the relatively low median value of $131,700. This is significantly lower than the US House Median Value of $338,100. Moreover, the 1 year House Appreciation rate in Brookneal is 14.49%, which is more than 6 percentage points higher than the US 1 year House Appreciation rate of 8.27%. This suggests that investing in a house in Brookneal would be beneficial for those looking to increase their wealth through real estate investments.
The median home cost in Brookneal is $131,700. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Brookneal is up 17.9%.
Average Age of Homes
- The median age of Brookneal real estate is 59 years old
The Rental Market in Brookneal
- Renters make up 30.4% of the Brookneal population
- 6.8% of houses and apartments in Brookneal, 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.