The housing in 24531 Chatham, VA is a great investment opportunity. The median value of homes in this area is $134,000 which is much lower than the US House Median Value of $338,100. Furthermore, while the US 1 year House Appreciation rate is 8.27%, the House 1 year appreciation in 24531 Chatham, VA is 14.49%. This indicates that real estate values are growing quickly in this area and that it can be an ideal place to invest in a home for long term value appreciation.
The median home cost in Chatham (zip 24531) is $134,000. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Chatham (zip 24531) is up 17.9%.
Average Age of Homes
- The median age of Chatham (zip 24531) real estate is 47 years old
The Rental Market in Chatham (zip 24531)
- Renters make up 17.8% of the Chatham (zip 24531) population
- 0.8% of houses and apartments in Chatham (zip 24531), 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.