The housing in Cape Charles, VA is quite desirable, with a median value of $542,500. This is significantly higher than the US median house value of $338,100. The US saw a 1 year appreciation rate of 8.27%, while the appreciation rate in Cape Charles was even more impressive at 12.33%. This makes it clear that this area is becoming increasingly attractive to potential homebuyers and investors alike.
The median home cost in Cape Charles is $542,500. Home appreciation the last 10 years has been 59.0%. Home Appreciation in Cape Charles is up 13.0%.
Average Age of Homes
- The median age of Cape Charles real estate is 52 years old
The Rental Market in Cape Charles
- Renters make up 23.5% of the Cape Charles population
- 0.0% of houses and apartments in Cape Charles, 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.