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Luray, VA Homes for Sale with Acreage

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  • /56

    $2,400,000

    • 4 Beds
    • 4 Baths
    • 6,357 Sq Ft

    100 Cottage Dr, Luray, VA 22835

    Discover this extraordinary retreat with the beauty of the Shenandoah Valley at your doorstep! Enjoy the tranquility of the countryside while being moments away from upscale restaurants and the old world charm of the historic center of Luray. Whether it is tending to the irises that bloom each spring or harvesting the many fruits and vegetables from the well loved gardens, or sitting on the deck

    Agent Photo

    Meredith Gurdak

    Corcoran McEnearney

    (540) 730-1726

    100 Cottage Dr, Luray, VA 22835
  • /34

    $22,900

    • Land
    • 1.29 Acres
    • $17,752 per Acre

    Lot D3, Holiday Hill Holiday Hill Rd, Luray, VA 22835

    Discover the essence of mountain living with this scenic 1.29-acre lot in the Holiday Hills Subdivision of Luray, VA. Just 10 minutes from downtown Luray and only 90 minutes from the metro DC area, this peaceful parcel offers the perfect balance of seclusion and convenience in Virginia’s renowned Cabin Capital. Surrounded by natural beauty, this undeveloped land provides a blank canvas for your

    Agent Photo

    Rick Williams

    May Kline Realty, Inc

    (540) 402-9459

    Lot D3, Holiday Hill Holiday Hill Rd, Luray, VA 22835
  • /6

    $50,000

    • Land
    • 2.17 Acres
    • $23,041 per Acre

    TBD Dry Creek Rd, Luray, VA 22835

    Own a piece of serene woodland with this newly listed vacant land for sale on Dry Creek Road. This property is nestled in a peaceful area, making it an ideal location for those looking to build a home surrounded by nature. The land has an area cleared for a house site, giving future owners a head start in designing and building a custom residence.Situated on a generously sized lot, the

    Agent Photo

    Theresa Baldwin

    CENTURY 21 New Millennium

    (540) 503-3606

    TBD Dry Creek Rd, Luray, VA 22835
  • /18

    $65,000

    • Land
    • 3.17 Acres
    • $20,505 per Acre

    0 Fort Valley Rd Unit VAPA2005276, Luray, VA 22835

    Come build your dream home on this 3-acre lot on the side of the mountain. Already has a VDOT-approved entrance with a certification letter for a 4-bedroom house.

    Agent Photo

    Bridget Sine

    Johnston and Rhodes Real Estate

    (540) 616-2918

    0 Fort Valley Rd Unit VAPA2005276, Luray, VA 22835
  • /63

    $2,200,000

    • 5 Beds
    • 4.5 Baths
    • 4,849 Sq Ft

    50 Cottage Dr, Luray, VA 22835

    Superb mountain views in this exceptional 5 bedroom, 4.5 bath Shenandoah Valley residence. Enjoy views from every room in the home and over 2 acres of extensive outdoor living spaces including the gazebo, deck, slate veranda, and fire pit on the paver patio. Separate brick 1 room cottage has endless possibilities! Bring the outside in via the oversized windows throughout the home. Used as a bed

    Agent Photo

    Meredith Gurdak

    Corcoran McEnearney

    (540) 698-3986

    50 Cottage Dr, Luray, VA 22835
  • /64

    $699,900

    • 4 Beds
    • 2.5 Baths
    • 2,035 Sq Ft

    237 Preston Ln, Luray, VA 22835

    This stunning custom all-brick ranch is situated on 1.75 acres, offering breathtaking mountain views in every direction. Fully renovated and sold completely furnished, this home has been successfully used as a vacation rental with excellent income potential. With no HOA or covenants, it features a 4-bedroom conventional septic system and is conveniently located on a dead-end road with road

    Melissa Crider Sager Real Estate

    237 Preston Ln, Luray, VA 22835
  • /46

    $355,000

    • 3 Beds
    • 1.5 Baths
    • 1,248 Sq Ft

    324 Old Wagon Rd, Luray, VA 22835

    Experience modern country living at 324 Old Wagon Rd. This beautifully crafted 2022 home offers 1,248 sq. ft. of bright, open-concept living space, perfectly positioned on 3 peaceful acres with stunning mountain views all around. Built with quality in mind, the home features 2"x6" exterior walls, durable finishes, and thoughtful design throughout—including a very high crawl space that provides

    Amanda Downs LPT Realty LLC

    324 Old Wagon Rd, Luray, VA 22835
  • /23

    $375,000

    • Land
    • 26.92 Acres
    • $13,930 per Acre

    0 Fairview Rd Unit VAPA2005502, Luray, VA 22835

    Your Slice of Page Paradise Awaits! Discover 26.99 acres of open, picturesque land offering the perfect balance of wide-open space and natural beauty. This stunning property backs to trees and a peaceful creek, with panoramic mountain views that will take your breath away. Whether you’re dreaming of building your forever home, a relaxing getaway, or seeking an ideal investment opportunity, this

    Amy Fincham United Real Estate Horizon

    0 Fairview Rd Unit VAPA2005502, Luray, VA 22835
  • /78

    $1,850,000

    • 4 Beds
    • 5 Baths
    • 3,596 Sq Ft

    315 Ganders Dr, Luray, VA 22835

    Fly fishing or kayaking, what to do on the river today? Or the rock wall in your own quarry? 25 acres along the banks of the Shenandoah, remnants of the old roadbed to a once upon a time bridge is still there in the lower field. The chimney of the old smokehouse still remains and anchors the now patio, what a great spot for grilling and stargazing! The foundation of the old bank barn, visible

    Ginny Howden TTR Sothebys International Realty

    315 Ganders Dr, Luray, VA 22835
  • /8

    $49,900

    • Land
    • 3 Acres
    • $16,633 per Acre

    0 Cardinal Dr Unit VAPA2004026, Luray, VA 22835

    Dream Home Lot! Three acre wooded lot in the fabulous Massanutten Forest Subdivision! This property is nestled along the Massanutten Mountain range with convenient access to the Shenandoah River, Luray Caverns, Skyline Drive and Historic Downtown Luray. Dream homes live here!

    William Dudley Bill Dudley & Associates Real Estate, Inc

    0 Cardinal Dr Unit VAPA2004026, Luray, VA 22835
  • /15

    $55,000

    • Land
    • 1.47 Acres
    • $37,415 per Acre

    TBD Riverview Dr, Luray, VA 22835

    Escape to your own slice of paradise with this beautiful 1.47 acre building or recreational lot nestled near the serene waters of the Shenandoah River. Whether you're seeking a peaceful weekend retreat or the perfect place to build your forever home, this versatile property is ready for your vision. Situated just minutes from local amenities yet surrounded by nature, the lot offers a rare

    Kelly Breeden Nest Realty Harrisonburg

    TBD Riverview Dr, Luray, VA 22835
  • /143

    $1,400,000

    • 4 Beds
    • 5 Baths
    • 2,652 Sq Ft

    1215 & 1225 Fort Stover Rd, Luray, VA 22835

    Incredible Investment Opportunity – Two active short-term vacation rentals situated on 5x separate lots totaling over 2 acres just a stone’s throw from the Shenandoah River! Welcome to The Jive Cabin and The Shuck Cabin. Both cabins are well established short-term rentals (STRs) with strong rental history and potential upside due to their prime locations with river access and close proximity to

    Lauren Reed Funkhouser Real Estate Group

    1215 & 1225 Fort Stover Rd, Luray, VA 22835
  • /42

    $799,900

    • 3 Beds
    • 2 Baths
    • 1,566 Sq Ft

    5532 Page Valley Rd, Luray, VA 22835

    Welcome to The End of The Road Retreat. This amazing , once in a lifetime, river waterfront property sits on over 4 acres of land, includes two houses, 2 RV hook ups (1-50amp, 1-20amp), in-ground pool with safety removable cover, pavilion, 2 hot tubs, large storage shed, woodland, open field space & more. The sellers use the property as a personal retreat but occasionally do short term rental

    Bryce Rowland Coldwell Banker Realty - Washington

    5532 Page Valley Rd, Luray, VA 22835
  • /6

    $15,000

    • Land
    • 1.31 Acres
    • $11,450 per Acre

    0 White Oak Rd Unit VAPA2005362, Luray, VA 22835

    Just Reduced! Discover the potential of 1.31 acres of untouched land! These two lots are being sold together, offering the perfect canvas to build your dream home or private retreat. No utilities are currently on site—just wide-open possibilities in a serene natural setting. All of this is just minutes away from Luray Caverns, the Shenandoah River, and the National forest. Come check it out today!

    Erin Kavanagh EXP Realty, LLC

    0 White Oak Rd Unit VAPA2005362, Luray, VA 22835
  • /68

    $549,900

    • 2 Beds
    • 1 Bath
    • 1,092 Sq Ft

    2903 Dry Run Rd, Luray, VA 22835

    Cozy Farmhouse Retreat on 21 Wooded Acres! 2 BR 1 BA charming farmhouse just outside of Luray, VA. Surrounded by nature and featuring a small creek running through the property, this property offers the perfect blend of rustic charm and peaceful seclusion. Inside, the farmhouse you will find wood accents , shiplap siding that carries timeless country character! Outside, enjoy mature trees, hiking

    William Dudley Bill Dudley & Associates Real Estate, Inc

    2903 Dry Run Rd, Luray, VA 22835
  • /4

    $595,000

    • Land
    • 4.77 Acres
    • $124,738 per Acre

    0 W Main Street & Memorial Dr Unit VAPA2005550, Luray, VA 22835

    Bob Allnutt AREA Properties, LLC

    0 W Main Street & Memorial Dr Unit VAPA2005550, Luray, VA 22835
  • /65

    $619,000

    • 3 Beds
    • 2 Baths
    • 2,934 Sq Ft

    987 Riverside Dr, Luray, VA 22835

    Spacious and private - this 3-bed, 2-bath home sits on 4.25 acres in the desirable Egypt Bend subdivision with private community access to the Shenandoah River! Built in 2004 and offering over 2,900 finished sq. ft., the home features an office/flex room, a large kitchen with adjoining dining area, a comfortable main living room, and a second formal living room for added versatility. A huge

    Sable Ponn Funkhouser Real Estate Group: Luray

    987 Riverside Dr, Luray, VA 22835
  • /5

    $250,000

    • Land
    • 7.2 Acres
    • $34,722 per Acre

    23 lots Birchwood Dr, Luray, VA 22835

    Calling all Builders/ developers!!! 23 building lots in the Mill Creek Subdivision, a total of 7.27 +/- acres of land already approved for 23 lots. Lots have Town Water access but will require private septic systems. Lots can be accessed from Birchwood or Chestnut drive .

    Nick Whitelock Massanutten Realty

    23 lots Birchwood Dr, Luray, VA 22835
  • /79

    $799,900

    • 3 Beds
    • 2 Baths
    • 3,570 Sq Ft

    501 S Fork Rd, Luray, VA 22835

    Rare Historic Riverfront Farm! Welcome to this extraordinary 25 acre riverfront farm offering timeless charm and unmatched serenity. This property is a featured home in the book, Old Homes of Page County, Virginia by Jennie Ann Kerkoff. This historic brick Federal-style home sits proudly along the Shenandoah River, with 720 feet of river frontage and expansive mountain views. Step inside to

    William Dudley Bill Dudley & Associates Real Estate, Inc

    501 S Fork Rd, Luray, VA 22835
  • /65

    $299,000

    • 3 Beds
    • 1 Bath
    • 3,231 Sq Ft

    728 Clearview Rd, Luray, VA 22835

    Delight in this spacious brick ranch just minutes from town, on 1.63 wooded acres overlooking pasture fields with the Massanutten Mts. caressing the distant horizon. Beautiful oak flooring , fireplace, central vac, double garage, walk up attic , and full unfinished walkout basement. Ready for you to make this your HOME, SWEET, HOME!

    Nancy Keyser-Bryant Funkhouser Real Estate Group

    728 Clearview Rd, Luray, VA 22835
  • /14

    $749,000

    • Land
    • 71 Acres
    • $10,549 per Acre

    0 Rocky Branch Rd Unit 669297, Luray, VA 22835

    71 acres with over approx 2000 ft of Shenandoah National Park boundary. Beautifully wooded and loaded with game. Bear, deer, turkey in excellent numbers. Perfectly situated. Several large sheds, barn/buildings, cinderblock smokehouse. Beautiful home sites with beautiful mountain views. MUST SEE TO APPRECIATE

    Randall Alger Old Dominion Realty Crossroads

    0 Rocky Branch Rd Unit 669297, Luray, VA 22835
  • /6

    $249,900

    • Land
    • 1.01 Acres
    • $247,426 per Acre

    0 General Dr, Luray, VA 22835

    Large Commercial Lot in Luray Landing Business Park! Level, open lot that is just over one acre in a high visibility, high traffic area! Zoned B-1 with national chain restaurants and businesses all around this property! Great opportunity for any type of business. Also, surprisingly beautiful views of the Massanutten Mountain range!

    William Dudley Bill Dudley & Associates Real Estate, Inc

    0 General Dr, Luray, VA 22835
  • /116

    $1,500,000

    • 5 Beds
    • 3.5 Baths
    • 4,444 Sq Ft

    239 Mount Carmel Rd, Luray, VA 22835

    Welcome to Legacy Farm—a one-of-a-kind 54-acre country estate where beauty, income, and opportunity meet. Nestled among the rolling hills of Luray, this extraordinary property offers the rare combination of peace, purpose, and long-term potential. The main residence serves as the heart of the property—a custom-built home designed for everyday comfort and endurance. Thoughtful craftsmanship is

    Dan Rochon EXP Realty, LLC

    239 Mount Carmel Rd, Luray, VA 22835
  • /9

    $590,000

    • Land
    • 31.68 Acres
    • $18,624 per Acre

    0 Atkins Dr Unit VAPA2001686, Luray, VA 22835

    31.67 View Filled Acres! This Prime Property features Spectacular Views, spring fed pond and is the perfect site to build your dream home or multiple homes. This parcel is has 3 tax maps, all featuring road frontage. Currently used for cattle but is zoned R-1 in the Town of Luray. Luray Town Water and Sewer available to all 3 parcels. Don't miss seeing this beautiful parcel of land!

    Judy Bell Bill Dudley & Associates Real Estate, Inc

    0 Atkins Dr Unit VAPA2001686, Luray, VA 22835
  • /4

    $465,000

    • Land
    • 1.55 Acres
    • $300,000 per Acre

    0 General Dr & Alison Dr Unit VAPA2002608, Luray, VA 22835

    Perfect Location for your Business! Very Visible Large 1.55 acre Lot in Luray Landing Area Zoned B-1 with lots of possibilities. Located near Laurel Ridge Community College, Walmart and numerous other businesses and at the entrance to D.A. Horton's new subdivision. Excellent Location for Retail, Business, Office or other. Located just off of the US Route 211 By-Pass in Luray. Located at the

    Judy Bell Bill Dudley & Associates Real Estate, Inc

    0 General Dr & Alison Dr Unit VAPA2002608, Luray, VA 22835
  • /6

    $90,000

    • Land
    • 1.85 Acres
    • $48,649 per Acre

    0 Mill Creek Rd, Luray, VA 22835

    READY...SET...BUILD! Build your dream home on this Beautiful 1.847 acre lot just outside of Luray Town Limits. Mountain Views! Corner Lot! Conventional Septic Permit for a 4 Bedroom Home! Well Permit in place. Nice level lot. This lot is a portion of Tax Map ID 51-A-69

    Judy Bell Bill Dudley & Associates Real Estate, Inc

    0 Mill Creek Rd, Luray, VA 22835
  • /116

    $1,100,000

    • 5 Beds
    • 4 Baths
    • 4,005 Sq Ft

    1050 Almond Dr, Luray, VA 22835

    Experience resort like mountain living on nearly 5 private, fully fenced acres showcasing breathtaking views of the Shenandoah Mountains and Kennedy Peak. This extraordinary estate combines timeless craftsmanship with extensive modern upgrades, all set along a quiet private road for ultimate privacy and serenity. Enter through a gated entrance framed by a freshly painted wood fence with solar

    Daryl Stout RE/MAX Real Estate Connections

    1050 Almond Dr, Luray, VA 22835
  • /31

    $580,000

    • Land
    • 28.83 Acres
    • $20,118 per Acre

    0 Vaughn Summit Rd Unit VAPA2004118, Luray, VA 22835

    BEAUTIFUL PARCEL OF LAND WITH IMPROVEMENTS! Prime piece of land located on Vaughn Summit Road! Featuring 2 parcels totaling 28.83 acres. This property also features 2 older poultry house with plenty of storage potential along with other possibilities, large hay storage pole barn, storage shed, building with large generator which also conveys. There are also 2 drilled wells, one 3 Bedroom Septic

    Judy Bell Bill Dudley & Associates Real Estate, Inc

    0 Vaughn Summit Rd Unit VAPA2004118, Luray, VA 22835
  • /53

    $949,000 New Construction

    • 6 Beds
    • 3.5 Baths
    • 3,384 Sq Ft

    21 Mockingbird Ln, Luray, VA 22835

    **NEW CONSTRUCTION TO BE BUILT** Oversized 6 bedroom / 3.5 bath dual level home with modern finishes. Buyer ability to pick finishes throughout the build process. Photos shown are the same house built nearby in 2025. Finished product will look identical or very similar in finishes. Builder will begin construction once under contract, time to completion around eight months. Great investment in the

    Ralph Harvey ListWithFreedom.com

    21 Mockingbird Ln, Luray, VA 22835
  • /106

    $599,000

    • 4 Beds
    • 2.5 Baths
    • 2,100 Sq Ft

    3213 Old Tanbark Rd, Luray, VA 22835

    THIS HOME IS A MUST-SEE! Built-in 2020, this French Country/Modern/Minimalist Dream Home is a spacious 2100 sq. ft. with a full walk-out basement that can be finished giving a total of 4200 sq. ft. You will love the open floor plan with 4 spacious bedrooms, and 2 1/2 baths. Extras include custom maple cabinets with pullouts, lazy susans, silverware tray, double trash can storage, Cambria Quartz

    Nancy Keyser-Bryant Funkhouser Real Estate Group

    3213 Old Tanbark Rd, Luray, VA 22835
  • /52

    $329,500

    • 2 Beds
    • 1 Bath
    • 1,120 Sq Ft

    142 Whippoorwill Ln, Luray, VA 22835

    Nestled in the serene embrace of Massanutten Forest, this charming 2-bedroom, 1-bathroom residence offers a unique blend of convenience and privacy, perfect for those seeking a tranquil retreat. This detached home on 3.2 acres, showcases immaculate landscaping, complemented by a paved driveway and durable vinyl siding that enhance its curb appeal. This home has been meticulously maintained, with

    Carol Holsinger Funkhouser Real Estate Group: Luray

    142 Whippoorwill Ln, Luray, VA 22835
  • /18

    $149,900

    • Land
    • 3.12 Acres
    • $48,045 per Acre

    15 Mont View Ln, Luray, VA 22835

    3+ acres with a pond in quiet Hope Mills Acres! With a house site cleared, driveway installed, electricity on site, well permit issued, and a new three bedroom conventional septic drainfield being installed, this lot truly has everything you are looking for and is ready to build on today. All you need to do is bring your plans and start building your dream home today! If that was not enough,

    Lauren Reed Funkhouser Real Estate Group: Luray

    15 Mont View Ln, Luray, VA 22835
  • /8

    $600,000

    • Land
    • 37 Acres
    • $16,216 per Acre

    0 Unit VAPA2004892, Luray, VA 22835

    This breathtaking parcel offers just under 37 acres of panoramic views of the beautiful Blue Ridge Mountains, surrounded by mature trees, and open areas—an ideal canvas for a private estate, family compound, or future development. With ample road frontage and zoning suitable for subdivision, this property presents a rare opportunity for builders, investors, or those seeking a peaceful retreat

    Sarah Reynolds Keller Williams Realty

    0 Unit VAPA2004892, Luray, VA 22835
  • /28

    $8,500,000

    • Land
    • 348 Acres
    • $24,425 per Acre

    0 None Unit 660498, Luray, VA 22835

    Extraordinary chance to own one of Shenandoah Valley’s most stunning properties. 348 acres in the Blue Ridge Mtn foothills in historic Luray, VA, including the Caverns Country Club & surrounding Oh Shenandoah homesites. With over 1.25 miles of frontage on the Shenandoah River, enjoyment & opportunities abound. Caverns Country Club is an operating 18-hole par-72 golf course & 3900 sqft clubhouse.

    Ronda Pearl FRANK HARDY SOTHEBY'S INTERNATIONAL REALTY

    0 None Unit 660498, Luray, VA 22835
  • /6

    $650,000

    • 3 Beds
    • 3 Baths
    • 1,700 Sq Ft

    0 Lot 10 Kauffmans Mill Rd, Luray, VA 22835

    Scenic 1-Acre Riverfront Lot – Lot10 Kauffmans Mill Rd, Luray, VA Discover the perfect opportunity to own a stunning 1-acre lot nestled along the banks of the Shenandoah River in Luray, VA. This prime riverfront property offers breathtaking water views, peaceful surroundings, and direct access to outdoor recreation. Located in the heart of the Shenandoah Valley, this lot is ideal for a weekend

    Amanda Slate Keller Williams Realty

    0 Lot 10 Kauffmans Mill Rd, Luray, VA 22835
  • /5

    $150,000

    • Land
    • 1 Acre
    • $150,000 per Acre

    0 Kauffmans Mill Rd, Luray, VA 22835

    Scenic 1-Acre Riverfront Lot – Lot10 Kauffmans Mill Rd, Luray, VA Discover the perfect opportunity to own a stunning 1-acre lot nestled along the banks of the Shenandoah River in Luray, VA. This prime riverfront property offers breathtaking water views, peaceful surroundings, and direct access to outdoor recreation. Located in the heart of the Shenandoah Valley, this lot is ideal for a weekend

    Amanda Slate Keller Williams Realty

    0 Kauffmans Mill Rd, Luray, VA 22835
  • /38

    $69,900

    • Land
    • 1.61 Acres
    • $43,416 per Acre

    0 Woodland Dr Unit VAPA2005678, Luray, VA 22835

    Discover this stunning 1.61-acre property in the tranquil Egypt Bend subdivision, offering a unique opportunity to build your ideal home or weekend escape! Corners to be marked in December 2025, this property features three adjoining lots being sold together. Enjoy access to community water and the serene beauty of the Shenandoah River, just a mile away, with expansive mountain views all around.

    Sable Ponn Funkhouser Real Estate Group

    0 Woodland Dr Unit VAPA2005678, Luray, VA 22835
  • /98

    $585,000

    • 4 Beds
    • 2 Baths
    • 1,524 Sq Ft

    505 Mechanic St, Luray, VA 22835

    Rare Investment Opportunity in Luray, VA – Active Short-Term Rental on 5 Acres (Lots 42A3-A-69B and 42A3-A-69)Don’t miss this incredible chance to own a profitable short-term rental property in the heart of Luray, VA! This 5-bedroom, 2-bath home has been fully renovated in 2025 and is situated on a spacious 5-acre lot within town limits.Since launching as a vacation rental in

    Nina Fox Funkhouser Real Estate Group

    505 Mechanic St, Luray, VA 22835
  • /19

    $120,000

    • Land
    • 3.15 Acres
    • $38,095 per Acre

    140 Airstrip Rd, Luray, VA 22835

    Three Adjacent One-Acre Lots in River Community! INVESTOR/BUILDER OPPORTUNITY!!!Discover your own slice of paradise with this exceptional real estate opportunity! Nestled in a serene river community, these three adjacent one-acre lots offer a unique blend of space, privacy, and natural beauty. Walking distance to community access to the Shenandoah River! This listing includes an AS-IS

    Sierra Heater Mountains Edge Realty LLC

    140 Airstrip Rd, Luray, VA 22835
  • /61

    $399,000

    • 1 Bed
    • 1 Bath
    • 1,119 Sq Ft

    606 Riverside Dr, Luray, VA 22835

    This one-of-a-kind custom home offers 1 bedroom, 1 bathroom, and features you won't find anywhere else! The sale includes 3 additional lots, bringing the total to 1.07 acres—offering ample space for future development. Designed with sustainability and longevity in mind, this cabin includes 2x6 walls, a gas instant hot water heater, a gas range, and Mitsubishi mini-split systems throughout for

    Sable Ponn Funkhouser Real Estate Group: Luray

    606 Riverside Dr, Luray, VA 22835

Showing Results 1 - 40, Page 1 of 2

Home Trends in Luray, VA

Housing Trends

Median Sale Price
$300,000
Median Single Family Sale Price
$345,000
Median Townhouse Sale Price
$249,990
Average Price Per Sq Ft
$211
Number of Homes for Sale
58
Last 12 months Home Sales
234
Months of Supply
3.00
Median List Price
$315,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
11%
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