11/29/2023
Home appreciation is the increase in value of a property over time. Since 2012 the average rate has been 7.7% year over year (Credit Karma). That means, if you purchase a home for $200,000, you can expect to sell it for $215,400 in 1 year, and $249,484 in 3 years. Of course, appreciation rates vary based on economic conditions, location, and other factors. But generally, the longer you hold a property, the greater it will appreciate.