The housing market in Groveton, VA is very strong. The median value of houses in the area is $590,500, which is significantly higher than the US median of $338,100. Furthermore, it has appreciated by 5.11% over the past year, slightly lower than the US appreciation rate of 8.27%. This demonstrates that the real estate market in Groveton is thriving and many potential buyers are choosing to invest here for its high returns.
The median home cost in Groveton is $590,500. Home appreciation the last 10 years has been 53.2%. Home Appreciation in Groveton is up 6.4%.
Average Age of Homes
- The median age of Groveton real estate is 45 years old
The Rental Market in Groveton
- Renters make up 44.3% of the Groveton population
- 1.9% of houses and apartments in Groveton, 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.