Franconia, VA is a thriving community with an attractive housing market. The median value for the housing in this area is $513,700, which is significantly higher than the US House Median Value of $338,100. While the US House Appreciation rate over the past year has been 8.27%, the House Appreciation rate in Franconia, VA was only 5.11%. This indicates that while the housing market in Franconia is still on an upward trend, it may be more stable and not subject to as much volatility as other markets.
The median home cost in Franconia is $513,700. Home appreciation the last 10 years has been 53.2%. Home Appreciation in Franconia is up 6.4%.
Average Age of Homes
- The median age of Franconia real estate is 30 years old
The Rental Market in Franconia
- Renters make up 24.5% of the Franconia population
- 1.0% of houses and apartments in Franconia, 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.