The housing market in 23089 Lanexa, VA is booming. According to the data given, the median value of a house in this area is $348,200, which is significantly higher than the US median value of $338,100. Furthermore, while the US 1 year house appreciation rate was 8.27%, the appreciation rate in 23089 Lanexa was 13.79%. This indicates that there has been an above-average increase in property values in this area over the past year. Thus, it can be concluded that housing in 23089 Lanexa is currently a lucrative investment and provides an excellent opportunity for potential buyers or investors.
The median home cost in Lanexa (zip 23089) is $348,200. Home appreciation the last 10 years has been 64.6%. Home Appreciation in Lanexa (zip 23089) is up 13.8%.
Average Age of Homes
- The median age of Lanexa (zip 23089) real estate is 33 years old
The Rental Market in Lanexa (zip 23089)
- Renters make up 16.8% of the Lanexa (zip 23089) population
- 2.3% of houses and apartments in Lanexa (zip 23089), 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.