Zip 24251 (Gate City, VA) Housing

The housing market in 24251 Gate City, VA is flourishing. With a median house value of $143,800, it is significantly lower than the US median value of $338,100. But despite its lower cost of living, the area has experienced an impressive 18.69% rise in house values over the past year. This appreciation rate far surpasses the 8.27% national average and shows no signs of slowing down anytime soon. If you're looking to invest in real estate in 24251 Gate City, VA or just need a place to call home, this is an ideal spot to consider!

The median home cost in Gate City (zip 24251) is $143,800. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Gate City (zip 24251) is up 22.5%.

Average Age of Homes

- The median age of Gate City (zip 24251) real estate is 45 years old

The Rental Market in Gate City (zip 24251)

- Renters make up 13.7% of the Gate City (zip 24251) population
- 0.9% of houses and apartments in Gate City (zip 24251), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Gate City, Virginia	United States
	4,346.0	139,647,020.0
	51	42
	$143,800	$338,100
	22.5%	16.6%
	67.7%	57.0%
	78.0%	101.1%
	$7.55	$10.98
	$801	$2,690
	60.2%	57.4%
	23.5%	11.2%
	16.3%	31.4%
Vacant Housing
	0.9%	1.9%
	0.0%	0.4%
	2.3%	0.7%
	1.2%	0.4%
	1.2%	3.6%
	17.9%	4.1%
Value of Owner-Occupied Housing
	3.6%	2.6%
	6.7%	2.4%
	7.6%	2.8%
	17.4%	3.9%
	11.7%	4.5%
	18.4%	11.3%
	17.6%	13.0%
	9.7%	20.1%
	4.5%	13.6%
	1.5%	8.3%
	0.3%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.3%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.0%	13.6%
	9.0%	13.6%
	11.1%	13.6%
	10.8%	13.2%
	14.2%	14.8%
	11.1%	13.6%
	19.7%	10.0%
	8.1%	4.7%
	11.3%	12.2%

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