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Monthly Cost Of Median Priced Home Jumps Much Higher In 2022! |
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Wow. The monthly cost of a median priced home has jumped quite a bit in 2022! This is related to a variety of changes between 2021 and 2022... [1] The median sales price increased from $270,000 to $296,500. [2] The average mortgage interest rate increased from 2.96% to 4.27%. [3] The City real estate tax rate increased from $0.90 to $0.93. All of these factors, combined, resulted in a rather significant increase in the monthly cost of a median priced home in our local market. Recent Articles:
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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