Phenix, VA is a great place for those in search of an affordable home. The median value of housing in Phenix is $136,700, which is significantly lower than the US median house value of $338,100. This price point makes it easier for many to become homeowners. Additionally, over the past year Phenix has seen an appreciation rate of 13.65%, which is slightly higher than the national 1 year appreciation rate of 8.27%. With its low cost and above-average house appreciation rate, Phenix is a desirable place to live with plenty of opportunities for investment in housing.
The median home cost in Phenix is $136,700. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Phenix is up 16.2%.
Average Age of Homes
- The median age of Phenix real estate is 47 years old
The Rental Market in Phenix
- Renters make up 28.6% of the Phenix population
- 0.0% of houses and apartments in Phenix, 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.