New Market, VA has seen a significant increase in the value of its houses over the past year. The housing median value in New Market is approximately $270,100, which is significantly lower than the US house median value of $338,100. However, houses in New Market have appreciated at a rate of 19.13%, much higher than the national average appreciation rate of 8.27%. This suggests that now is an ideal time for those looking to invest in this area as they can purchase properties at attractive prices with potential for high returns on their investment.
The median home cost in New Market is $270,100. Home appreciation the last 10 years has been 61.3%. Home Appreciation in New Market is up 14.3%.
Average Age of Homes
- The median age of New Market real estate is 33 years old
The Rental Market in New Market
- Renters make up 48.1% of the New Market population
- 0.0% of houses and apartments in New Market, 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.