The housing market in Grottoes, VA is highly desirable with the median value coming in at $256,800. This is significantly lower than the US median value of $338,100. Furthermore, the appreciation rate for houses in Grottoes is quite impressive at 12.12%, which far exceeds the national average of 8.27%. With such a great median value and strong appreciation rate, it's no surprise that Grottoes has become a sought-after location for home buyers.
The median home cost in Grottoes is $256,800. Home appreciation the last 10 years has been 54.3%. Home Appreciation in Grottoes is up 14.6%.
Average Age of Homes
- The median age of Grottoes real estate is 33 years old
The Rental Market in Grottoes
- Renters make up 30.7% of the Grottoes population
- 0.0% of houses and apartments in Grottoes, 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.