The housing market in Baileys Crossroads, VA is strong and reflective of the current national trend. The median value of housing in this area is $399,900, which is significantly higher than the US median value of $338,100. In the past year, US homes have seen an 8.27% appreciation rate while in Baileys Crossroads the appreciation rate has been modest at 3.59%. Despite this lower appreciation rate, local housing markets are still showing strength as evidenced by the high median value. As the market continues to fluctuate, it's important for potential homebuyers to conduct research and consult with a real estate professional before making any investment decisions.
The median home cost in Baileys Crossroads (zip 22041) is $399,900. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Baileys Crossroads (zip 22041) is up 8.6%.
Average Age of Homes
- The median age of Baileys Crossroads (zip 22041) real estate is 44 years old
The Rental Market in Baileys Crossroads (zip 22041)
- Renters make up 52.5% of the Baileys Crossroads (zip 22041) population
- 3.0% of houses and apartments in Baileys Crossroads (zip 22041), 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.