Zip 24441 (Grottoes, VA) Housing

The housing market in 24441 Grottoes, VA is thriving. The median value of a house in this area is $273,100. This is much lower than the US House Median Value of $338,100, but the one-year appreciation rate here is 12.12%, which is significantly higher than the 8.27% average national rate. With the combination of these two factors, it's no surprise that people are keen to invest in housing in this area and take advantage of the potential for growth.

The median home cost in Grottoes (zip 24441) is $273,100. Home appreciation the last 10 years has been 54.3%. Home Appreciation in Grottoes (zip 24441) is up 14.6%.

Average Age of Homes

- The median age of Grottoes (zip 24441) real estate is 37 years old

The Rental Market in Grottoes (zip 24441)

- Renters make up 24.3% of the Grottoes (zip 24441) population
- 0.0% of houses and apartments in Grottoes (zip 24441), 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	Grottoes, Virginia	United States
	2,644.0	139,647,020.0
	35	42
	$273,100	$338,100
	14.6%	16.6%
	44.9%	57.0%
	54.3%	101.1%
	$5.66	$10.98
	$1,161	$2,690
	76.7%	57.4%
	3.3%	11.2%
	20.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.5%	0.4%
	1.3%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	3.6%	2.6%
	0.5%	2.4%
	0.0%	2.8%
	0.2%	3.9%
	2.4%	4.5%
	20.6%	11.3%
	20.4%	13.0%
	38.5%	20.1%
	7.8%	13.6%
	3.4%	8.3%
	1.9%	9.7%
	0.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	15.7%	13.6%
	15.7%	13.6%
	20.3%	13.6%
	13.8%	13.2%
	13.7%	14.8%
	20.3%	13.6%
	2.2%	10.0%
	3.7%	4.7%
	11.7%	12.2%

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