The housing market in Raven, VA, zip code 24639 is doing quite well. The median value of a house in the area is $84,600, which is significantly lower than the median value for houses across the United States ($338,100). However, when looking at appreciation rates over the past year, things look even better. The US housing market experienced an appreciation rate of 8.27%, whereas Raven's housing market experienced a much higher rate of 13.65%. This shows that the housing market in Raven is an excellent option for those looking to invest in real estate and make a profit.
The median home cost in Raven (zip 24639) is $84,600. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Raven (zip 24639) is up 16.2%.
Average Age of Homes
- The median age of Raven (zip 24639) real estate is 40 years old
The Rental Market in Raven (zip 24639)
- Renters make up 23.7% of the Raven (zip 24639) population
- 0.7% of houses and apartments in Raven (zip 24639), 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.