The housing in Merrifield, VA (22031) is quite expensive at a median value of $631,000. This is far above the US house median of $338,100. Despite this high cost, the area has seen relatively low appreciation over the past year, with house prices only appreciating by 3.59%. This is significantly lower than the US 1 year House Appreciation rate of 8.27%.
The median home cost in Merrifield (zip 22031) is $631,000. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Merrifield (zip 22031) is up 8.6%.
Average Age of Homes
- The median age of Merrifield (zip 22031) real estate is 39 years old
The Rental Market in Merrifield (zip 22031)
- Renters make up 46.3% of the Merrifield (zip 22031) population
- 3.1% of houses and apartments in Merrifield (zip 22031), 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.