Luray, VA has seen a significant appreciation in housing values compared to the national average in the past year. The median value of homes in Luray is $256,000, which is significantly lower than the US House Median Value of $338,100. However, while the US experienced an appreciation rate of 8.27%, homes in Luray appreciated at an even higher rate of 19.13%. This could indicate that the area is becoming increasingly attractive as a place to live and invest in property.
The median home cost in Luray is $256,000. Home appreciation the last 10 years has been 61.3%. Home Appreciation in Luray is up 14.3%.
Average Age of Homes
- The median age of Luray real estate is 53 years old
The Rental Market in Luray
- Renters make up 33.9% of the Luray population
- 1.4% of houses and apartments in Luray, 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.