Harrisonburg City, VA County is known for its housing market which is booming in recent years. The median value of a house in the city is currently $286,500, which is significantly lower than the national median value of $338,100. Over the past year, the appreciation rate of houses in Harrisonburg has been 12.84%, substantially higher than the nation's rate of 8.27%. This trend shows that real estate investments made in Harrisonburg have been increasingly profitable and that more people are interested in this area. With these promising trends for home buyers and investors alike, it's no wonder why Harrisonburg has become such a desirable place to live and work.
The median home cost in Harrisonburg City County is $286,500. Home appreciation the last 10 years has been 61.3%. Home Appreciation in Harrisonburg City County is up 14.3%.
Average Age of Homes
- The median age of Harrisonburg City County real estate is 32 years old
The Rental Market in Harrisonburg City County
- Renters make up 57.4% of the Harrisonburg City County population
- 2.5% of houses and apartments in Harrisonburg City 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.