The housing market in 24631 Oakwood, VA is quite vibrant. The median value of houses in this area is $67,700, which is much lower than the U.S. median value of $338,100. Additionally, the one-year house appreciation rate in this area is 13.65%, which is higher than the national average of 8.27%. This suggests that real estate investors and homeowners can expect to see a solid return on investment if they invest in this region. With its relatively low median housing values and above-average appreciation rates, 24631 Oakwood, VA may be an attractive option for prospective buyers looking for a safe and profitable investment opportunity.
The median home cost in Oakwood (zip 24631) is $67,700. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Oakwood (zip 24631) is up 16.2%.
Average Age of Homes
- The median age of Oakwood (zip 24631) real estate is 42 years old
The Rental Market in Oakwood (zip 24631)
- Renters make up 29.4% of the Oakwood (zip 24631) population
- 1.2% of houses and apartments in Oakwood (zip 24631), 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.