Suffolk city, VA County is a great place to live, with an impressive median value of $335,800 for housing. This is higher than the US median house value of $338,100, meaning Suffolk city is a more expensive place to own a house. Additionally, the one year appreciation rate of 11.30% demonstrates that investing in real estate in Suffolk city will be a sound decision. This rate of appreciation is significantly higher than the US average of 8.27%, making it an excellent market for potential homeowners and investors alike.
The median home cost in Suffolk City County is $335,800. Home appreciation the last 10 years has been 58.5%. Home Appreciation in Suffolk City County is up 13.1%.
Average Age of Homes
- The median age of Suffolk City County real estate is 28 years old
The Rental Market in Suffolk City County
- Renters make up 25.9% of the Suffolk City County population
- 1.2% of houses and apartments in Suffolk 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.