Zip 24531 (Chatham, VA) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Chatham, Virginia	United States
	4,011.0	139,647,020.0
	49	42
	$134,000	$338,100
	17.9%	16.6%
	51.2%	57.0%
	60.7%	101.1%
	$6.67	$10.98
	$815	$2,690
	65.8%	57.4%
	17.8%	11.2%
	16.4%	31.4%
Vacant Housing
	0.8%	1.9%
	0.2%	0.4%
	1.2%	0.7%
	3.1%	0.4%
	0.8%	3.6%
	11.7%	4.1%
Value of Owner-Occupied Housing
	5.2%	2.6%
	4.1%	2.4%
	4.1%	2.8%
	14.5%	3.9%
	10.7%	4.5%
	20.7%	11.3%
	16.3%	13.0%
	20.3%	20.1%
	1.6%	13.6%
	0.3%	8.3%
	1.6%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.3%	13.6%
	10.3%	13.6%
	13.7%	13.6%
	11.2%	13.2%
	11.3%	14.8%
	13.7%	13.6%
	13.1%	10.0%
	4.5%	4.7%
	18.0%	12.2%

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