Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 8,974, 2,734 total housing units (homes and apartments), and a median house value of $692,290, Purcellville house prices are not only among the most expensive in Virginia, Purcellville real estate also is some of the most expensive in all of America.
Purcellville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Purcellville than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Purcellville. Owner-occupied housing accounts for 84.50% of Purcellville's homes, and 64.35% have either three or four bedrooms, which is average sized relative to America.
Purcellville homes and real estate are some of the newest in America. 43.88% of Purcellville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Purcellville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.40%), and before 1939 ( 10.65%). There's also some housing in Purcellville built between 1940-1969 ( 10.07%).
Purcellville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Purcellville during the period has been just 5.00%, which is lower than 70% of US communities.
Over the last year, Purcellville appreciation rates have trailed the rest of the nation. In the last twelve months, Purcellville's appreciation rate has been 4.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Purcellville were at 0.00%, which equates to an annual appreciation rate of 0.00%.
Relative to Virginia, our data show that Purcellville's latest annual appreciation rate is lower than 80% of the other cities and towns in Virginia.
$692,290
for Virginia
for nation
2,734
$2,963 / per month