Median price for residential apartments in Timberlake, VA as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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119 Timberlake, VA, USA apartments for sale
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Timberlake
According to statistics, the population in Timberlake, VA amounts to 13,413, which shows growth 2% compared to the previous year. The median age of the city’s residents is 38. The average household income is $54,137, shifting growth 9% from the past year, and the average property value in Timberlake, VA growth 2% to $173,000 throughout the year.
| Population | 13,413 |
| Median Age | 37.5 |
| Poverty Rate | 10% |
| Household Income | $54,137 |
| Number Of Employees | 6,602 |
| Median Property Value | $173,000 |
Household Income
The average household income in Timberlake, VA grew from $49,602 to $54,137 in the past year. This data is an estimate based upon 5,381 households in Timberlake, VA . The chart below presents how household income is distributed in Timberlake, VA in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Timberlake, VA shifted from $168,800 to $173,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Timberlake, VA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Timberlake, VA properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Timberlake, VA compared to median property taxes around the country. The prevalent amount of property taxes in Timberlake, VA equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Timberlake, VA, USA
Average apartment sale in Timberlake: $284,080 (-3.8%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $21,000 | N/A |
| 3-bed apartments | $281,281 | -2.2% |
| 4+ bed apartments | $310,271 | -1.7% |
During Jan 2023, the average price for an apartment in/near Timberlake, VA decreased by 3.8% to $284,080.
The average price of the land for sale in Timberlake, VA has not changed significantly since last month, being $21,000. A 3-bed apartment goes for $281,281, it decreased by 2.2% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1.7% and made it down to $310,271.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Condos for sale | $233,900 | +5.1% |
| Townhouses for sale | $269,900 | +0% |
| Houses for sale | $293,952 | -2.6% |
| Land for sale | $21,000 | N/A |
Price reports demonstrate that house price decreased by 2.6% this month making it up to $293,952. Condos are really in demand in this season. The median price for a condo increased by 5.1%, it’s now available for $233,900. Value of the townhouses didn’t change, the price still starts at $269,900. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $21,000.
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