According to statistics, the population in South Boston, VA amounts to 7,887, which shows decline -1% compared to the previous year. The median age of the city’s residents is 43. The average household income is $34,551, shifting growth 8% from the past year, and the average property value in South Boston, VA decline -3% to $111,700 throughout the year.
|Number Of Employees||2,670|
|Median Property Value||$111,700|
The average household income in South Boston, VA grew from $31,885 to $34,551 in the past year. This data is an estimate based upon 2,918 households in South Boston, VA . The chart below presents how household income is distributed in South Boston, VA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in South Boston, VA shifted from $114,700 to $111,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in South Boston, VA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of South Boston, VA properties falls in the '$125,000 to $149,999' 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 South Boston, VA compared to median property taxes around the country. The prevalent amount of property taxes in South Boston, VA equals $800, which is less than the national average.
|Apartment Size||May||vs Last Month|
|Studio for sale||$49,783||N/A|
|2 bed for sale||$169,900||+96.9%|
|3 bed for sale||$192,038||+6.5%|
|4+ bed for sale||$120,671||-55.2%|
During May 2022, the average price for an apartment in/near South Boston, VA decreased by 21.5% to $141,233.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $169,900. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $192,038. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $120,671 for a big-family home.
|Listing Type||May||vs Last Month|
|Apartments for sale||$184,175||+11.1%|
|Houses for sale||$150,400||-20.8%|
|Other for sale||$162,933||+26.3%|
|Townhouses for sale||$255,000||N/A|
|Land for sale||$84,170||N/A|
While assessing the property pricing South Boston, VA, you can note that it remains flat with a price tag of $184,175. According to statistics, average house is still $150,400 with no significant changes this month. Value of the townhouses didn’t change, the price still starts at $255,000.