The housing market in Chamberlayne, VA is a great option for buyers looking to purchase property. The median house value in the area is currently $331,200 which is slightly below the US House median value of $338,100. Despite being lower than the national average, there have been a significant increase in housing values over the past year with an appreciation rate of 13.65%, significantly higher than the 8.27% 1 year US House appreciation rate. This makes investing in real estate in Chamberlayne a smart decision for those looking for financial security and increased equity over time.
The median home cost in Chamberlayne is $331,200. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Chamberlayne is up 15.2%.
Average Age of Homes
- The median age of Chamberlayne real estate is 49 years old
The Rental Market in Chamberlayne
- Renters make up 5.1% of the Chamberlayne population
- 0.0% of houses and apartments in Chamberlayne, 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.