According to statistics, the population in Grottoes, VA amounts to 2,734, which shows decline -1% compared to the previous year. The median age of the city’s residents is 41. The average household income is $51,515, shifting growth 6% from the past year, and the average property value in Grottoes, VA decline -2% to $165,000 throughout the year.
|Number Of Employees||1,427|
|Median Property Value||$165,000|
The average household income in Grottoes, VA grew from $48,563 to $51,515 in the past year. This data is an estimate based upon 1,142 households in Grottoes, VA . The chart below presents how household income is distributed in Grottoes, VA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Grottoes, VA shifted from $169,200 to $165,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Grottoes, VA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Grottoes, VA properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Grottoes, VA compared to median property taxes around the country. The prevalent amount of property taxes in Grottoes, VA equals $1150, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$207,050||-24.7%|
|2 bed for sale||$183,500||-24.3%|
|3 bed for sale||$283,346||+0.8%|
|4+ bed for sale||$343,428||-3.3%|
During Jul 2022, the average price for an apartment in/near Grottoes, VA decreased by 1.7% to $299,806.
Asking price for 2-bed apartment also decreased by 24.3% and a place of this size will now cost you $183,500. A 3-bed apartment goes for $283,346, it increased by 0.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 3.3% and made it down to $343,428.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$182,000||-25.6%|
|Apartments for sale||$134,100||-51.2%|
|Houses for sale||$307,906||-0.9%|
|Land for sale||$322,600||N/A|
|Condos for sale||$249,465||N/A|
The average cost of an apartment in Grottoes, VA decreased by 51.2% to $134,100. Price reports demonstrate that house price decreased by 0.9% this month making it up to $307,906. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $249,465. The property value of townhouses decreased by 25.6%, you’ll have to spend around $182,000 to get one.