The housing market in Spring Grove, VA (zip code 23881) is highly desirable, with a median house value of $227,800. This is significantly lower than the US median house value of $338,100, making it much more affordable for prospective buyers. Over the past year, the rate of appreciation for houses in this area has been 12.84%, which is higher than the average rate of US house appreciation at 8.27%. With such a significant appreciation in such a short period of time, now may be an ideal time to invest in real estate in Spring Grove.
The median home cost in Spring Grove (zip 23881) is $227,800. Home appreciation the last 10 years has been 77.0%. Home Appreciation in Spring Grove (zip 23881) is up 18.6%.
Average Age of Homes
- The median age of Spring Grove (zip 23881) real estate is 30 years old
The Rental Market in Spring Grove (zip 23881)
- Renters make up 25.6% of the Spring Grove (zip 23881) population
- 0.0% of houses and apartments in Spring Grove (zip 23881), 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.