New Kent, VA county is an area that has experienced a remarkable increase in housing value over the past year. The median value of homes in New Kent is currently $364,500, which is substantially higher than the national median of $338,100. This difference is even more notable when looking at the appreciation rate over the past year. While the US house appreciation rate was 8.27%, New Kent saw a rate of 12.11%. This shows that the value of homes in New Kent has been increasing faster than most other places in the country and may be a sign of continued growth in this area's housing market.
The median home cost in New Kent County is $364,500. Home appreciation the last 10 years has been 68.6%. Home Appreciation in New Kent County is up 15.1%.
Average Age of Homes
- The median age of New Kent County real estate is 29 years old
The Rental Market in New Kent County
- Renters make up 11.2% of the New Kent County population
- 0.7% of houses and apartments in New Kent 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.