The housing market in 24368 Rural Retreat, VA is doing exceptionally well when compared to the national average. Currently, the median value of homes in 24368 Rural Retreat is $180,800, which is considerably lower than the US median home value of $338,100. However, the 1-year house appreciation rate for 24368 Rural Retreat is 13.65%, significantly higher than the national average of 8.27%. This indicates that the housing market in 24368 Rural Retreat is strong and growing quickly. Investing in real estate here can be a wise decision and homeowners can expect to see their investments appreciate at an above-average rate.
The median home cost in Rural Retreat (zip 24368) is $180,800. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Rural Retreat (zip 24368) is up 16.2%.
Average Age of Homes
- The median age of Rural Retreat (zip 24368) real estate is 37 years old
The Rental Market in Rural Retreat (zip 24368)
- Renters make up 17.4% of the Rural Retreat (zip 24368) population
- 0.8% of houses and apartments in Rural Retreat (zip 24368), 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.