October's First-Time Homebuyer Report for Broadway

With 3,691 residents, Broadway is a larger than average city in Virginia. Also, with a 41.2% increase over the last 10 years, its population is growing faster than other parts of the state. Homes in Broadway are of moderate age with a median age of 23 years. Leading the list of best schools in the city are John C. Myers Elementary School and J. Frank Hillyard Middle School.

Culture

According to Foursquare, Italian Touch and Francesco's are the most popular spots to eat in Broadway.

Price Range

The median value of homes in Broadway is $148,600, making the area almost identical to others in Virginia. At the same time, the average list price of available homes is presently $227,612. More sellers put their homes up for sale in the Broadway market over the last 30 days and the number of new listings rose this week to one. Home sales remained unchanged from the prior period and once again two homes were sold.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Broadway:

$107K   $315K   $299K  

Typical Dwelling

The typical dwelling in Broadway is a three-bedroom detached home worth about $196,225. To purchase a similar home, a buyer with good credit and a $39,245 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,032 monthly payment. The property tax rate is $6.38 per $1,000 of taxable assessed value.

Get started right now by checking out Broadway homes for sale or reviewing Broadway real estate trends.


Data reported through 10/13/2016

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