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 3,021, 1,095 total housing units (homes and apartments), and a median house value of $256,014, Timberville real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Timberville, accounting for 62.52% of the town's housing units. Other types of housing that are prevalent in Timberville include row houses and other attached homes ( 17.97%), duplexes, homes converted to apartments or other small apartment buildings ( 9.54%), and a few large apartment complexes or high rise apartments ( 5.11%).
The most prevalent building size and type in Timberville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.61% owning and 37.39% renting.
There is a lot of housing in Timberville built from 1970 to 1999 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 Timberville built between 2000 and later ( 33.30%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.80%). There's also some housing in Timberville built before 1939 ( 10.05%).
Timberville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Timberville during the period has been just 5.06%, which is lower than 70% of US communities.
Over the last year, Timberville appreciation rates have trailed the rest of the nation. In the last twelve months, Timberville's appreciation rate has been 0.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Timberville were at -6.06%, which equates to an annual appreciation rate of -22.14%.
Notably, Timberville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Virginia, our data show that Timberville's latest annual appreciation rate is lower than 90% of the other cities and towns in Virginia.
$256,014
for Virginia
for nation
1,095
$1,485 / per month