The housing market in 23434 Suffolk, VA is thriving. The median house value in the area is $278,200, significantly lower than the US median of $338,100. Despite this lower price point, houses in the area have appreciated by 11.30% over the last year compared to 8.27% nationally. This illustrates that the housing market in 23434 Suffolk, VA is strong and likely to remain so in the coming years. This makes it an ideal location for those looking to invest in real estate or purchase a property for their own family's needs.
The median home cost in Suffolk (zip 23434) is $278,200. Home appreciation the last 10 years has been 58.5%. Home Appreciation in Suffolk (zip 23434) is up 13.1%.
Average Age of Homes
- The median age of Suffolk (zip 23434) real estate is 36 years old
The Rental Market in Suffolk (zip 23434)
- Renters make up 33.3% of the Suffolk (zip 23434) population
- 1.4% of houses and apartments in Suffolk (zip 23434), 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.