The small town of Appalachia, VA (zip code 24216) is a great place to live for those looking for an affordable home. The median value of homes in this area is $52,000, which is much lower than the U.S. median value of $338,100. Furthermore, there has been an impressive increase in housing values over the past year with an appreciation rate of 18.69%, which is substantially higher than the 8.27% rate seen nationally over the same period of time. This means that not only is housing relatively inexpensive compared to other regions across the country, but it's also growing in value faster than average too!
The median home cost in Appalachia (zip 24216) is $52,000. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Appalachia (zip 24216) is up 22.5%.
Average Age of Homes
- The median age of Appalachia (zip 24216) real estate is 69 years old
The Rental Market in Appalachia (zip 24216)
- Renters make up 25.1% of the Appalachia (zip 24216) population
- 2.5% of houses and apartments in Appalachia (zip 24216), 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.