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Abbeville, AL (Shorterville/Union)
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Home Appreciation:
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Great Falls appreciation rates and housing market information
Highest Appreciating Great Falls Neighborhoods Since 1990
| NAME | |
|---|---|
| 1 | Town Center |
| 2 | Peacock / Kenmore |
| 3 | Springvale / Leighs |
popular neighborhoods in Great Falls Town Center, Peacock / Kenmore, Springvale / Leighs
popular communities near Great Falls, Virginia Arlington, Bethesda, MD, Glen Echo, MD, Mc Lean, Mclean, Potomac, MD, Rockville, MD, Somerset, MD, Travilah, MD, Wolf Trap
POPULATION
8,573
Great Falls Appreciation Rates
Great Falls
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|---|---|---|---|---|
| PERIOD | TOTAL APPRECIATION | AVG. ANNUAL RATE | COMPARED TO VA* |
COMPARED TO AMERICA* |
| Since 1990 |  143.29%
|
7.54%
|
3 | 6 |
| Last 10 Years | 123.69%
|
12.36%
|
8 | 10 |
| Last 5 Years | 32.95%
|
6.59%
|
2 | 6 |
| Last 2 Years |  -13.98%
|
-6.99%
|
2 | 1 |
| Last 12 Months | -9.36%
|
-9.36%
|
2 | 1 |
| Latest Quarter | -0.31%
|
-1.24%
|
4 | 3 |
| * 10 is highest | ||||
Great Falls housing market information
With a population of 8,573, 2,827 total housing units (homes and apartments), and a median house value of $1,431,964, Great Falls house prices are not only among the most expensive in Virginia, Great Falls real estate also is some of the most expensive in all of America.
Great Falls is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Great Falls than is found in 99.96% of the communities in America.
And, as is not surprising, these large homes are primarily owner-occupied (93.46%).
There is a lot of housing in Great Falls 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 Great Falls built from 1940-1969 (16.87%). A lesser amount of the housing stock also hails from 1995 and later (11.00%), and some were built from 1939 and earlier (11.00%).
Great Falls home appreciation rates
In the last 10 years, Great Falls has experienced some of the highest home appreciation rates of any community in the nation. Great Falls real estate appreciated 123.69% over the last ten years, which is an average annual home appreciation rate of 12.36%, putting Great Falls in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Great Falls definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Great Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Great Falls's appreciation rate has been -9.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Great Falls were at -0.31%, which equates to an annual appreciation rate of -1.24%.
Relative to Virginia, our data show that Great Falls's latest annual appreciation rate is higher than 15% of the other cities and towns in Virginia.
Great Falls Real Estate Agents
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