The housing market in 22949 Lovingston, VA is thriving. The median value of homes in the area is $281,900, which is significantly lower than the US median house value of $338,100. Despite the discrepancy in prices, the 1 year appreciation rate for homes in Lovingston is 14.98%, higher than the national average of 8.27%. This indicates that home ownership in this area is a worthwhile investment. With an increasing value and relatively low prices compared to surrounding cities, Lovingston is an attractive option for those looking to buy property.
The median home cost in Lovingston (zip 22949) is $281,900. Home appreciation the last 10 years has been 68.6%. Home Appreciation in Lovingston (zip 22949) is up 14.9%.
Average Age of Homes
- The median age of Lovingston (zip 22949) real estate is 42 years old
The Rental Market in Lovingston (zip 22949)
- Renters make up 20.1% of the Lovingston (zip 22949) population
- 0.0% of houses and apartments in Lovingston (zip 22949), 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.