The housing market in Timberlake, VA is thriving. The median value of homes in the area is $226,900, which is significantly lower than the US median value of $338,100. However, the appreciation rate of homes in Timberlake, VA over the past year has been 14.49%, which is higher than the US 1 year house appreciation rate of 8.27%. This shows that Timberlake has a growing and vibrant housing market that is attractive to potential homeowners.
The median home cost in Timberlake is $226,900. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Timberlake is up 17.9%.
Average Age of Homes
- The median age of Timberlake real estate is 34 years old
The Rental Market in Timberlake
- Renters make up 29.7% of the Timberlake population
- 2.6% of houses and apartments in Timberlake, 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.