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Abbeville, AL (Shorterville/Union)
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Home Appreciation:
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Elkton appreciation rates and housing market information
Highest Appreciating Elkton Neighborhoods Since 1990
| NAME | |
|---|---|
| 1 | Beldor / Sandy Bottom |
| 2 | Massanutten |
| 3 | Town Center |
| 4 | South Creek Rd |
popular neighborhoods in Elkton Town Center, Massanutten, Beldor / Sandy Bottom, South Creek Rd
popular communities near Elkton, Virginia Crozet, Grottoes, Harrisonburg, Massanutten, Mount Crawford, Shenandoah, Stanardsville, Stanley
POPULATION
1,981
Elkton Appreciation Rates
Elkton
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|---|---|---|---|---|
| PERIOD | TOTAL APPRECIATION | AVG. ANNUAL RATE | COMPARED TO VA* |
COMPARED TO AMERICA* |
| Since 1990 |  169.10%
|
8.90%
|
6 | 7 |
| Last 10 Years | 104.69%
|
10.46%
|
3 | 8 |
| Last 5 Years | 59.47%
|
11.89%
|
8 | 10 |
| Last 2 Years | 4.63%
|
2.31%
|
6 | 6 |
| Last 12 Months | 0.58%
|
0.58%
|
6 | 5 |
| Latest Quarter |  -0.24%
|
-0.96%
|
4 | 3 |
| * 10 is highest | ||||
Elkton housing market information
With 1,981 people, 884 houses or apartments, and a median cost of homes of $198,291, Elkton real estate prices are well above average cost compared to national prices.
single-family detached homes are the single most common housing type in Elkton, accounting for 67.19% of the town's housing units. Other types of housing that are prevalent in Elkton include large apartment complexes or high rise apartments (18.55%), duplexes, homes converted to apartments, or other small apartment buildings (10.07%), row houses and other attached homes (3.39%), and a few mobile homes or trailers (0.79%).
The most prevalent building size and type in Elkton are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 52.83% owning, and 41.29% renting.
There is a lot of housing in Elkton 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 Elkton built from 1940-1969 (32.47%). A lesser amount of the housing stock also hails from 1939 and earlier (22.73%), and some were built from 1995 and later (22.73%).
Elkton home appreciation rates
Appreciation rates for homes in Elkton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.69%, which ranks in the top 20% nationwide. This equates to an annual average Elkton house appreciation rate of 10.46%.
NeighborhoodScout's data show that during the latest twelve months, Elkton home appreciation rates, at 0.58%, have been at or slightly above the national average. In the latest quarter, Elkton's appreciation rate has been -0.24%, which annualizes to a rate of -0.96%.
Relative to Virginia, our data show that Elkton's latest annual appreciation rate is higher than 59% of the other cities and towns in Virginia.
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