The housing market in Ferrum, VA (zip code 24088) is booming! The median value of homes in this area is currently $205,600, which is significantly lower than the US median house value standing at $338,100. However, the growth rate of homes in Ferrum has been much more impressive over the past year with an appreciation of 11.69%, which surpasses the national average of 8.27%. These numbers indicate that now is a great time to invest in a home in this area and take advantage of the rapidly increasing values.
The median home cost in Ferrum (zip 24088) is $205,600. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Ferrum (zip 24088) is up 17.1%.
Average Age of Homes
- The median age of Ferrum (zip 24088) real estate is 31 years old
The Rental Market in Ferrum (zip 24088)
- Renters make up 16.2% of the Ferrum (zip 24088) population
- 0.0% of houses and apartments in Ferrum (zip 24088), 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.