New Hope, VA has a median housing value of $251,300 - significantly below the US median house value of $338,100. This may be attractive to potential buyers looking for a more affordable option. Despite the lower median value in New Hope, homeowners have seen an impressive 12.63% appreciation in house prices over the last year which is higher than the national average of 8.27%. This suggests that New Hope is a great investment opportunity with buyers able to take advantage of lower prices while at the same time experiencing substantial appreciation on their asset.
The median home cost in New Hope is $251,300. Home appreciation the last 10 years has been 56.9%. Home Appreciation in New Hope is up 14.7%.
Average Age of Homes
- The median age of New Hope real estate is 34 years old
The Rental Market in New Hope
- Renters make up 11.7% of the New Hope population
- 0.0% of houses and apartments in New Hope, 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.