Amelia Court House, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Amelia Court House, 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

Amelia Court House Housing Market Information

With a population of 1,113, 254 total housing units (homes and apartments), and a median house value of $189,326, Amelia Court House real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Amelia Court House, accounting for 67.01% of the town's housing units. Other types of housing that are prevalent in Amelia Court House include mobile homes or trailers ( 14.07%), large apartment complexes or high rise apartments ( 13.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.12%).

Renters dominate Amelia Court House's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Amelia Court House's housing was primarily built during this period, from the '40s through the '60s. A full 34.53% of the town's housing hails from this era. Other housing ages represented in Amelia Court House include homes built between 1970-1999 ( 32.48%) and housing constructed before 1939 ( 18.93%). There's also some housing in Amelia Court House built between 2000 and later ( 14.07%).

Vacant housing appears to be an issue in Amelia Court House. Fully 35.04% of the housing stock is classified as vacant. Left unchecked, vacant Amelia Court House homes and apartments can be a drag on the real estate market, holding Amelia Court House 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.

Amelia Court House Home Appreciation Rates

Amelia Court House's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Amelia Court House during the period has been just -1.52%, which is lower than 80% of US communities.

Over the last year, Amelia Court House appreciation rates have trailed the rest of the nation. In the last twelve months, Amelia Court House's appreciation rate has been 0.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Amelia Court House were at 1.35%, which equates to an annual appreciation rate of 5.51%.

Relative to Virginia, our data show that Amelia Court House's latest annual appreciation rate is lower than 70% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$189,326

Amelia Court House, VA HOME PRICES

Value Range
> $1,047,000 0.5
$786,001 - $1,047,000 0.0
$524,001 - $786,000 3.3
$419,001 - $524,000 7.0
$314,001 - $419,000 9.2
$210,001 - $314,000 22.2
$105,001 - $210,000 41.2
$52,001 - $105,000 7.8
$0 - $52,000 8.7

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
35.0697292863002 52.0775623268698

Number Of Homes And Apartments:
254

Amelia Court House 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
36.82% 1.83% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$896 / per month

Homeownership Rate

Homeownership
Owners 23.16
Renters 76.84
Vacant 35.04

Housing Market Details

 

Age of Homes

AGE OF Amelia Court House HOMES
2000 or Newer 14.1
1970 - 1999 32.5
1940 - 1969 34.5
1939 or Older 18.9

Types of Homes

TYPE OF Amelia Court House HOMES
Single-Family 67.0
Townhomes 0.0
Small Apt. Buildings 5.1
Apt. Complexes 13.8
Mobile Homes 14.1
Other 0.0

Home Size

SIZE OF Amelia Court House HOMES
No Bedroom 0.00
1 Bedroom 4.60
2 Bedrooms 36.57
3 Bedrooms 44.25
4 Bedrooms 9.21
5 or more bedrooms 5.37

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