The housing market in North Springfield, VA is thriving. The median value of homes in the city is higher than that of the national average at $532,200, while the US median house value sits at $338,100. Over the last year, houses have appreciated by 8.27% on a national level and by 4.61% in North Springfield. This means that homeowners in this area are seeing their investments grow steadily and consistently. In all, North Springfield is an ideal place to buy or invest in property as it boasts high values and sustained appreciation over time.
The median home cost in North Springfield is $532,200. Home appreciation the last 10 years has been 63.1%. Home Appreciation in North Springfield is up 11.4%.
Average Age of Homes
- The median age of North Springfield real estate is 59 years old
The Rental Market in North Springfield
- Renters make up 20.0% of the North Springfield population
- 0.0% of houses and apartments in North Springfield, 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.