The housing market in Patrick Springs, VA is an attractive option for potential homeowners. The median value of a home in Patrick Springs is $130,800, which is much lower than the national median value of $338,100. Homeowners can also benefit from higher appreciation rates compared to the national average; over the past year, the rate of appreciation for homes in Patrick Springs was 15.80%, significantly higher than the national average of 8.27%. With such attractive prices and rates of appreciation, Patrick Springs is an appealing place to live for those looking to buy a home.
The median home cost in Patrick Springs is $130,800. Home appreciation the last 10 years has been 55.9%. Home Appreciation in Patrick Springs is up 15.8%.
Average Age of Homes
- The median age of Patrick Springs real estate is 41 years old
The Rental Market in Patrick Springs
- Renters make up 11.8% of the Patrick Springs population
- 1.8% of houses and apartments in Patrick Springs, 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.