Prince Edward County, Virginia has seen a significant appreciation in housing over the past year. The median value of homes in the area is $187,000, significantly lower than the national median value of $338,100. Despite this difference, Prince Edward County has seen a 12.84% rise in house values over the last year — much higher than the 8.27% increase nationally. This indicates that while home prices may still be lower than other parts of the country, they are rising quickly and could provide an excellent opportunity for potential buyers or investors looking to purchase property in the area.
The median home cost in Prince Edward County is $187,000. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Prince Edward County is up 16.2%.
Average Age of Homes
- The median age of Prince Edward County real estate is 38 years old
The Rental Market in Prince Edward County
- Renters make up 28.0% of the Prince Edward County population
- 0.9% of houses and apartments in Prince Edward 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.