Newington, VA is a popular area for home buyers as its housing median value of $548,700 is significantly higher than the US house median value of $338,100. Although appreciation in the US has been around 8.27% over the past year, it is lower in Newington at 4.42%, making real estate in this area more affordable and accessible to potential buyers. With a variety of available homes and reasonable rates, Newington is an ideal choice for those looking to purchase a home.
The median home cost in Newington is $548,700. Home appreciation the last 10 years has been 61.1%. Home Appreciation in Newington is up 10.6%.
Average Age of Homes
- The median age of Newington real estate is 36 years old
The Rental Market in Newington
- Renters make up 20.3% of the Newington population
- 0.9% of houses and apartments in Newington, 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.