Mechanicsville, VA is an attractive area for potential homeowners due to its high house appreciation rate. The median value of a house in Mechanicsville is $328,500, which is lower than the national median value of $338,100. However, the 1 year appreciation rate for houses in Mechanicsville is 11.54%, which is higher than the national average of 8.27%. This makes Mechanicsville an attractive option for those looking to invest in housing as they can expect a higher return on their investment.
The median home cost in Mechanicsville (zip 23111) is $328,500. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Mechanicsville (zip 23111) is up 15.6%.
Average Age of Homes
- The median age of Mechanicsville (zip 23111) real estate is 30 years old
The Rental Market in Mechanicsville (zip 23111)
- Renters make up 18.5% of the Mechanicsville (zip 23111) population
- 1.1% of houses and apartments in Mechanicsville (zip 23111), 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.