Zip 24122 (Montvale, VA) Housing

The housing market in Montvale, VA (24122) is performing extremely well compared to the national average. According to the data, the median value of a house in Montvale is $204,900 - far less than the US median of $338,100. However, Montvale has seen an appreciation rate of 15.80%, significantly higher than the national one year appreciation rate of 8.27%. This means that homes in this area are becoming more valuable faster than most other parts of the country.

The median home cost in Montvale (zip 24122) is $204,900. Home appreciation the last 10 years has been 55.9%. Home Appreciation in Montvale (zip 24122) is up 15.8%.

Average Age of Homes

- The median age of Montvale (zip 24122) real estate is 30 years old

The Rental Market in Montvale (zip 24122)

- Renters make up 1.7% of the Montvale (zip 24122) population
- 4.1% of houses and apartments in Montvale (zip 24122), 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	Montvale, Virginia	United States
	678.0	139,647,020.0
	41	42
	$204,900	$338,100
	15.8%	16.6%
	48.0%	57.0%
	55.9%	101.1%
	$5.04	$10.98
	$727	$2,690
	84.8%	57.4%
	12.2%	11.2%
	3.0%	31.4%
Vacant Housing
	4.1%	1.9%
	4.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	4.1%	4.1%
Value of Owner-Occupied Housing
	10.6%	2.6%
	1.4%	2.4%
	2.3%	2.8%
	4.2%	3.9%
	5.0%	4.5%
	30.6%	11.3%
	19.3%	13.0%
	20.7%	20.1%
	3.1%	13.6%
	2.8%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.3%	13.6%
	10.3%	13.6%
	15.0%	13.6%
	24.6%	13.2%
	18.6%	14.8%
	15.0%	13.6%
	21.8%	10.0%
	0.0%	4.7%
	9.6%	12.2%

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