The housing market in Caroline, VA County is booming with a median value of $293,600. This is substantially lower than the US median house value of $338,100. However, what this county lacks in median house value it makes up for in appreciation rate, with a 1 year appreciation rate of 13.56%, much higher than the US average of 8.27%. Homeowners in Caroline, VA County can be assured that their investments are likely to rise in value over time.
The median home cost in Caroline County is $293,600. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Caroline County is up 14.5%.
Average Age of Homes
- The median age of Caroline County real estate is 27 years old
The Rental Market in Caroline County
- Renters make up 16.8% of the Caroline County population
- 2.0% of houses and apartments in Caroline 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.