The housing market in Forest, VA is flourishing. The median value of a house in the area is currently $369,200, which is significantly higher than the US median value of $338,100. In addition, the appreciation rate for homes in Forest over the past year has been 14.49%, which is significantly higher than the national average of 8.27%. With these numbers, it's easy to see why people are drawn to the area and investing in real estate here.
The median home cost in Forest is $369,200. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Forest is up 17.9%.
Average Age of Homes
- The median age of Forest real estate is 28 years old
The Rental Market in Forest
- Renters make up 16.6% of the Forest population
- 1.8% of houses and apartments in Forest, 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.