The housing median value in Cross Lanes, WV is $145,800, significantly below the US House Median Value of $338,100. In terms of house appreciation in Cross Lanes over the last year, it has been 4.72% compared to the US average of 8.27%. This may be indicative of a slower housing market in Cross Lanes than other parts of the country. Despite this fact, it is still an affordable place to purchase a home. With prices lower than the national average and a slight appreciation rate, there is potential for residents to find good deals on houses and begin building equity at a steady rate.
The median home cost in Cross Lanes is $145,800. Home appreciation the last 10 years has been 30.4%. Home Appreciation in Cross Lanes is up 6.9%.
Average Age of Homes
- The median age of Cross Lanes real estate is 38 years old
The Rental Market in Cross Lanes
- Renters make up 28.1% of the Cross Lanes population
- 3.2% of houses and apartments in Cross Lanes, 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.