The housing market in Dumbarton, VA is a great investment. The median value of homes in this area is $242,500 which is much lower than the national median value of $338,100. In the last year, home appreciation in Dumbarton has been 13.65%, significantly higher than the 8.27% appreciation rate for the US as a whole. This makes now an ideal time to invest in real estate in Dumbarton as home values are expected to continue to increase due to strong market conditions.
The median home cost in Dumbarton is $242,500. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Dumbarton is up 15.2%.
Average Age of Homes
- The median age of Dumbarton real estate is 49 years old
The Rental Market in Dumbarton
- Renters make up 66.6% of the Dumbarton population
- 7.9% of houses and apartments in Dumbarton, 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.