The housing market in 24260 Honaker, Virginia is quite strong. With the median value of homes in this area being $83,200, it is significantly lower than the US median of $338,100. Although this may generally be seen as a disadvantage for homeowners in the area, they have been able to benefit from an impressive one year appreciation rate of 18.69% which is much higher than the US average of 8.27%. This makes it a great place to invest in real estate and provides an opportunity for homeowners to see significant returns on their investment.
The median home cost in Honaker (zip 24260) is $83,200. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Honaker (zip 24260) is up 22.5%.
Average Age of Homes
- The median age of Honaker (zip 24260) real estate is 41 years old
The Rental Market in Honaker (zip 24260)
- Renters make up 14.1% of the Honaker (zip 24260) population
- 0.3% of houses and apartments in Honaker (zip 24260), 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.