Afton, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Afton Neighborhoods Since 2000




Afton, VA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Afton Housing Market Information

With a population of 9,205, 2,008 total housing units (homes and apartments), and a median house value of $289,285, Afton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Afton, accounting for 77.91% of the town's housing units. Other types of housing that are prevalent in Afton include mobile homes or trailers ( 8.12%), large apartment complexes or high rise apartments ( 7.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Afton. Owner-occupied housing accounts for 72.04% of Afton's homes, and 57.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Afton 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 Afton built between 1940-1969 ( 18.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.43%). There's also some housing in Afton built before 1939 ( 12.21%).

Vacant housing appears to be an issue in Afton. Fully 35.43% of the housing stock is classified as vacant. Left unchecked, vacant Afton homes and apartments can be a drag on the real estate market, holding Afton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Afton Home Appreciation Rates

Real estate appreciation rates in Afton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.79% during the period.

Over the last year, Afton appreciation rates have trailed the rest of the nation. In the last twelve months, Afton's appreciation rate has been 3.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Afton were at -0.32%, which equates to an annual appreciation rate of -1.27%.

Relative to Virginia, our data show that Afton's latest annual appreciation rate is higher than 60% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$289,285

Afton, VA HOME PRICES

Value Range
> $1,076,000 2.4
$807,001 - $1,076,000 6.3
$538,001 - $807,000 16.9
$430,001 - $538,000 7.8
$323,001 - $430,000 15.1
$216,001 - $323,000 25.0
$108,001 - $216,000 16.3
$54,001 - $108,000 7.6
$0 - $54,000 2.6

High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
17.3854447439353 20.7756232686981

Number Of Homes And Apartments:
2,008

Afton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
62.40% 2.85% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$886 / per month

Homeownership Rate

Homeownership
Owners 72.04
Renters 27.96
Vacant 35.43

Housing Market Details

 

Age of Homes

AGE OF Afton HOMES
2000 or Newer 14.4
1970 - 1999 55.3
1940 - 1969 18.1
1939 or Older 12.2

Types of Homes

TYPE OF Afton HOMES
Single-Family 77.9
Townhomes 1.9
Small Apt. Buildings 4.8
Apt. Complexes 7.2
Mobile Homes 8.1
Other 0.0

Home Size

SIZE OF Afton HOMES
No Bedroom 1.91
1 Bedroom 10.38
2 Bedrooms 24.97
3 Bedrooms 38.15
4 Bedrooms 19.21
5 or more bedrooms 5.38