The real estate market in Clifton Forge, VA (24422) is booming. The median value of housing in this area is currently $118,400, which is significantly lower than the US median value of $338,100. Over the past year, the house appreciation in Clifton Forge has risen by 12.12%, which is higher than the US average appreciation rate of 8.27%. This suggests that now may be an ideal time to invest in real estate here. With such a low median value and high potential for growth, it could be a sound investment opportunity for those seeking great returns on their investments.
The median home cost in Clifton Forge (zip 24422) is $118,400. Home appreciation the last 10 years has been 54.3%. Home Appreciation in Clifton Forge (zip 24422) is up 14.6%.
Average Age of Homes
- The median age of Clifton Forge (zip 24422) real estate is 58 years old
The Rental Market in Clifton Forge (zip 24422)
- Renters make up 23.5% of the Clifton Forge (zip 24422) population
- 1.6% of houses and apartments in Clifton Forge (zip 24422), 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.