The housing market in 22520 Montross, VA is a strong one. Median value of homes is $260,500 which is much lower than the US median value of $338,100. However, this area has seen an impressive increase in home values over the past year with a 13.12% appreciation rate versus the US 8.27%. This makes Montross a desirable and attractive housing market for potential buyers who are looking for both affordability and potential future gains on their investment.
The median home cost in Montross (zip 22520) is $260,500. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Montross (zip 22520) is up 15.5%.
Average Age of Homes
- The median age of Montross (zip 22520) real estate is 32 years old
The Rental Market in Montross (zip 22520)
- Renters make up 11.2% of the Montross (zip 22520) population
- 0.9% of houses and apartments in Montross (zip 22520), 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.