The housing market in Isle of Wight, VA County is strong, with the median value currently at $331,700, slightly lower than the national median house value of $338,100. In the last year alone there has been a 12.35% appreciation rate for houses in the area, which is significantly higher than the national average of 8.27%. This trend indicates that Isle of Wight is an attractive option for those looking to invest in residential property and shows great potential for future growth.
The median home cost in Isle of Wight County is $331,700. Home appreciation the last 10 years has been 59.7%. Home Appreciation in Isle of Wight County is up 13.4%.
Average Age of Homes
- The median age of Isle of Wight County real estate is 29 years old
The Rental Market in Isle of Wight County
- Renters make up 19.0% of the Isle of Wight County population
- 0.9% of houses and apartments in Isle of Wight County, 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.