Mount Hermon, VA is a small town that has a median home value of $183,600 which is significantly lower than the US house median value of $338,100. Despite this lower cost, the 1 year appreciation rate for homes in Mount Hermon was 14.49%, which is far above the national average of 8.27% growth over the same period. This indicates that people are eager to invest in property in this area due to its affordable prices and high returns on investment.
The median home cost in Mount Hermon is $183,600. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Mount Hermon is up 17.9%.
Average Age of Homes
- The median age of Mount Hermon real estate is 30 years old
The Rental Market in Mount Hermon
- Renters make up 18.5% of the Mount Hermon population
- 3.4% of houses and apartments in Mount Hermon, 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.