Annandale, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Annandale Neighborhoods Since 2000




Annandale, 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

Annandale Housing Market Information

With 43,119 people, 13,956 houses or apartments, and a median cost of homes of $473,589, Annandale house prices are not only among the most expensive in Virginia, Annandale real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Annandale, accounting for 43.61% of the town's housing units. Other types of housing that are prevalent in Annandale include large apartment complexes or high rise apartments ( 37.27%), row houses and other attached homes ( 17.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.80%).

The most prevalent building size and type in Annandale are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.08% owning and 40.92% renting.

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. Annandale's housing was primarily built during this period, from the '40s through the '60s. A full 51.90% of the town's housing hails from this era. Other housing ages represented in Annandale include homes built between 1970-1999 ( 42.85%) and housing constructed between 2000 and later ( 3.93%). There's also some housing in Annandale built before 1939 ( 1.31%).

Annandale Home Appreciation Rates

Real estate appreciation rates in Annandale's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

Over the last year, Annandale appreciation rates have trailed the rest of the nation. In the last twelve months, Annandale's appreciation rate has been 1.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Annandale were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Annandale's latest annual appreciation rate is higher than 50% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Annandale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Annandale - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Annandale real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$473,589

Annandale, VA HOME PRICES

Value Range
> $1,113,000 2.2
$835,001 - $1,113,000 4.9
$557,001 - $835,000 23.9
$445,001 - $557,000 25.0
$334,001 - $445,000 22.1
$223,001 - $334,000 10.4
$112,001 - $223,000 8.4
$56,001 - $112,000 1.7
$0 - $56,000 1.4

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
6.66236962381343 6.37119113573407

Number Of Homes And Apartments:
13,956

Annandale 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
96.43% 3.99% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,056 / per month

Homeownership Rate

Homeownership
Owners 59.08
Renters 40.92
Vacant 4.70

Housing Market Details

 

Age of Homes

AGE OF Annandale HOMES
2000 or Newer 3.9
1970 - 1999 42.9
1940 - 1969 51.9
1939 or Older 1.3

Types of Homes

TYPE OF Annandale HOMES
Single-Family 43.6
Townhomes 17.1
Small Apt. Buildings 1.8
Apt. Complexes 37.3
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Annandale HOMES
No Bedroom 0.97
1 Bedroom 13.79
2 Bedrooms 22.85
3 Bedrooms 29.29
4 Bedrooms 23.11
5 or more bedrooms 10.00