Albemarle, VA County has an excellent housing market with a median value of $451,500. This is much higher than the US median house value of $338,100, making it a great investment opportunity for those looking to buy a home. Not only is the house value high, but the appreciation rate is also very impressive at 14.25%, significantly higher than the US 1 year House Appreciation rate of 8.27%. The Albemarle County housing market is a great place to invest in and should be considered by anyone looking to purchase property.
The median home cost in Albemarle County is $451,500. Home appreciation the last 10 years has been 67.8%. Home Appreciation in Albemarle County is up 15.2%.
Average Age of Homes
- The median age of Albemarle County real estate is 30 years old
The Rental Market in Albemarle County
- Renters make up 31.1% of the Albemarle County population
- 0.8% of houses and apartments in Albemarle County, 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.