Zip 23888 (Wakefield, VA) Housing

Wakefield, VA is a popular real estate market due to its attractive median housing value of $181,500. This is significantly lower than the US median house value of $338,100. The appreciation rate for housing in Wakefield over the past year has been 12.84%, which is higher than the US average of 8.27%. With such favorable market conditions and an attractive median housing value, Wakefield makes for an excellent place to invest in real estate.

The median home cost in Wakefield (zip 23888) is $181,500. Home appreciation the last 10 years has been 77.0%. Home Appreciation in Wakefield (zip 23888) is up 18.6%.

Average Age of Homes

- The median age of Wakefield (zip 23888) real estate is 54 years old

The Rental Market in Wakefield (zip 23888)

- Renters make up 32.8% of the Wakefield (zip 23888) population
- 0.0% of houses and apartments in Wakefield (zip 23888), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Wakefield, Virginia	United States
	1,047.0	139,647,020.0
	49	42
	$181,500	$338,100
	18.6%	16.6%
	58.1%	57.0%
	77.0%	101.1%
	$5.72	$10.98
	$873	$2,690
	56.9%	57.4%
	17.2%	11.2%
	25.9%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.1%	3.6%
	16.0%	4.1%
Value of Owner-Occupied Housing
	4.0%	2.6%
	4.5%	2.4%
	3.5%	2.8%
	7.0%	3.9%
	9.7%	4.5%
	20.3%	11.3%
	16.4%	13.0%
	15.4%	20.1%
	13.6%	13.6%
	1.0%	8.3%
	2.0%	9.7%
	0.0%	3.9%
	2.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.2%	13.6%
	9.2%	13.6%
	12.0%	13.6%
	10.8%	13.2%
	15.5%	14.8%
	12.0%	13.6%
	11.1%	10.0%
	7.3%	4.7%
	16.0%	12.2%

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