Zip 23874 (Newsoms, VA) Housing

The median value of housing in Newsoms, VA is $168,400, significantly lower than the US House Median Value of $338,100. Despite this lower price point, the one year house appreciation rate in Newsoms is 12.84%, far outpacing the US 1 year house appreciation rate of 8.27%. These figures indicate that housing prices are increasing quickly in Newsoms and present a good opportunity for investment in real estate.

The median home cost in Newsoms (zip 23874) is $168,400. Home appreciation the last 10 years has been 77.0%. Home Appreciation in Newsoms (zip 23874) is up 18.6%.

Average Age of Homes

- The median age of Newsoms (zip 23874) real estate is 48 years old

The Rental Market in Newsoms (zip 23874)

- Renters make up 33.6% of the Newsoms (zip 23874) population
- 0.0% of houses and apartments in Newsoms (zip 23874), 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	Newsoms, Virginia	United States
	528.0	139,647,020.0
	53	42
	$168,400	$338,100
	18.6%	16.6%
	58.1%	57.0%
	77.0%	101.1%
	$6.10	$10.98
	$1,014	$2,690
	63.1%	57.4%
	23.9%	11.2%
	13.1%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	9.5%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	14.4%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	0.6%	2.4%
	2.7%	2.8%
	5.7%	3.9%
	8.1%	4.5%
	28.5%	11.3%
	12.6%	13.0%
	36.0%	20.1%
	1.2%	13.6%
	2.4%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.3%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	12.7%	13.6%
	12.7%	13.6%
	9.1%	13.6%
	10.2%	13.2%
	10.4%	14.8%
	9.1%	13.6%
	8.9%	10.0%
	8.1%	4.7%
	21.2%	12.2%

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