The housing market in Chatham, VA is thriving with a median value of $139,000 which is much lower than the US House Median Value of $338,100. The 1 year house appreciation rate in Chatham has also been higher than the US average house appreciation rate of 8.27%, standing at 14.49%. This indicates that homeowners are investing and developing this area's housing market more significantly, resulting in increased home values.
The median home cost in Chatham is $139,000. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Chatham is up 17.9%.
Average Age of Homes
- The median age of Chatham real estate is 66 years old
The Rental Market in Chatham
- Renters make up 23.3% of the Chatham population
- 3.1% of houses and apartments in Chatham, 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.