Broadway appreciation rates and housing market information

Broadway housing market information

With 2,200 people, 972 houses or apartments, and a median cost of homes of $211,910, Broadway real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Broadway, accounting for 63.07% of the town's housing units. Other types of housing that are prevalent in Broadway include large apartment complexes or high rise apartments (14.92%), duplexes, homes converted to apartments, or other small apartment buildings (13.07%), row houses and other attached homes (6.48%), and a few mobile homes or trailers (2.47%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Broadway. Owner-occupied housing accounts for 61.21% of Broadway's homes, and 57.71% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Broadway built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Broadway built from 1940-1969 (24.28%). A lesser amount of the housing stock also hails from 1995 and later (16.67%), and some were built from 1939 and earlier (16.67%).

Broadway home appreciation rates

In the last 10 years, Broadway has experienced some of the highest home appreciation rates of any community in the nation. Broadway real estate appreciated 112.81% over the last ten years, which is an average annual home appreciation rate of 11.28%, putting Broadway in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Broadway definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Broadway home appreciation rates, at 1.39%, have been at or slightly above the national average. In the latest quarter, Broadway's appreciation rate has been -0.04%, which annualizes to a rate of -0.16%.

Relative to Virginia, our data show that Broadway's latest annual appreciation rate is higher than 71% of the other cities and towns in Virginia.