The housing market in 23181 West Point, VA is on the rise. According to the data provided, the median value of a house in this area is $271,700, which is significantly lower than the U.S. House Median Value of $338,100. This is an attractive point for potential buyers as they can get more bang for their buck in West Point. In addition, the 1 year House Appreciation rate in West Point was 11.54%, almost three points higher than the U.S. 1 year House Appreciation rate of 8.27%. This indicates that there is potential for good returns on investments made now in this area as property values are expected to appreciate further in the future.
The median home cost in West Point (zip 23181) is $271,700. Home appreciation the last 10 years has been 70.2%. Home Appreciation in West Point (zip 23181) is up 15.6%.
Average Age of Homes
- The median age of West Point (zip 23181) real estate is 37 years old
The Rental Market in West Point (zip 23181)
- Renters make up 23.3% of the West Point (zip 23181) population
- 0.0% of houses and apartments in West Point (zip 23181), 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.