The housing market in Lincolnia, VA is doing well, although not quite as robust as the national average. The median value of homes in Lincolnia is currently $627,000, which is significantly higher than the national median value of $338,100. The US housing market has appreciated at a rate of 8.27% over the last year, whereas Lincolnia has only seen an appreciation rate of 5.08%. Despite this lower rate of appreciation, it can still be considered a healthy real estate market and a great place to invest in property.
The median home cost in Lincolnia is $627,000. Home appreciation the last 10 years has been 53.2%. Home Appreciation in Lincolnia is up 6.4%.
Average Age of Homes
- The median age of Lincolnia real estate is 38 years old
The Rental Market in Lincolnia
- Renters make up 40.4% of the Lincolnia population
- 1.5% of houses and apartments in Lincolnia, 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.