The housing market in 24133 Patrick Springs, VA is doing very well. The median value of a house in the area is $119,100 which is much lower than the US median value of $338,100. However, this difference is made up for by the rate at which housing prices have been increasing in the area. Over the past year, Patrick Spring's house appreciation rate has been 15.80%, which is more than double the US rate of 8.27%. This shows that buying a house in 24133 Patrick Springs, VA is an excellent investment right now and can be expected to become more valuable over time.
The median home cost in Patrick Springs (zip 24133) is $119,100. Home appreciation the last 10 years has been 55.9%. Home Appreciation in Patrick Springs (zip 24133) is up 15.8%.
Average Age of Homes
- The median age of Patrick Springs (zip 24133) real estate is 41 years old
The Rental Market in Patrick Springs (zip 24133)
- Renters make up 11.1% of the Patrick Springs (zip 24133) population
- 0.0% of houses and apartments in Patrick Springs (zip 24133), 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.