According to statistics, the population in West Point, VA amounts to 3,316, which shows decline 0% compared to the previous year. The median age of the city’s residents is 41. The average household income is $69,688, shifting growth 8% from the past year, and the average property value in West Point, VA growth 8% to $215,600 throughout the year.
|Number Of Employees||1,706|
|Median Property Value||$215,600|
The average household income in West Point, VA grew from $64,786 to $69,688 in the past year. This data is an estimate based upon 1,318 households in West Point, VA . The chart below presents how household income is distributed in West Point, VA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in West Point, VA shifted from $200,300 to $215,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in West Point, VA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of West Point, VA properties falls in the '$200,000 to $249,999' 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 West Point, VA compared to median property taxes around the country. The prevalent amount of property taxes in West Point, VA equals $2500, which is less than the national average.
|Apartment Size||Feb||vs Last Month|
|4+ bed apartments||$464,823||-13.4%|
During February 2023, the average price for an apartment in/near West Point, VA increased by 7.8% to $255,693.
Knowing the current property prices is key if you plan to buy a studio in West Point, VA. The average price for a studio has increased since the last month, currently being $143,720. Asking price for 2-bed apartment also increased by 1.6% and a place of this size will now cost you $161,600. A 3-bed apartment goes for $320,870, it increased by 1.7% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 13.4% and made it down to $464,823.
|Listing Type||Feb||vs Last Month|
|Land for sale||$101,672||+17.7%|
|Houses for sale||$265,067||+14.9%|
|Other for sale||$449,000||+0%|
|Lofts for sale||$699,990||+0%|
|Condos for sale||$206,000||N/A|
Price reports demonstrate that house price increased by 14.9% this month making it up to $265,067. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $206,000. The price statistics of lofts have not significantly changed, it now still goes for $699,990. The average price of the land for sale in West Point, VA has increased by 17.7%, and now equals $101,672. Other types of properties for sale would cost $449,000 on average. Our data shows that this amount has stayed roughly the same compared to January.