The housing market in 24333 Galax, VA is performing very well compared to the national average. According to the data provided, the median house value in 24333 Galax is $151,100, which is far below the US average of $338,100. However, the 1 year house appreciation rate for 24333 Galax is 13.65%, which is higher than the 8.27% national average. This suggests that housing prices are increasing at a faster rate in 24333 Galax than at the national level and could point to a healthy local economy.
The median home cost in Galax (zip 24333) is $151,100. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Galax (zip 24333) is up 16.2%.
Average Age of Homes
- The median age of Galax (zip 24333) real estate is 41 years old
The Rental Market in Galax (zip 24333)
- Renters make up 24.5% of the Galax (zip 24333) population
- 1.0% of houses and apartments in Galax (zip 24333), 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.