Annandale, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Annandale, VA Real Estate Data


Annandale Housing Market Information

With a population of 43,119, 14,024 total housing units (homes and apartments), and a median house value of $490,457, 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 42.59% of the town's housing units. Other types of housing that are prevalent in Annandale include large apartment complexes or high rise apartments ( 36.83%), row houses and other attached homes ( 18.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.74%).

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 58.17% owning and 41.83% 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 53.61% of the town's housing hails from this era. Other housing ages represented in Annandale include homes built between 1970-1999 ( 41.10%) and housing constructed between 2000 and later ( 4.02%). There's also some housing in Annandale built before 1939 ( 1.27%).

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 -0.14% during the period.

NeighborhoodScout's data show that during the latest twelve months, Annandale's appreciation rate, at 4.44%, has been at or slightly above the national average. In the latest quarter, Annandale's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

Relative to Virginia, our data show that Annandale's latest annual appreciation rate is higher than 60% 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:
$490,457

Annandale, VA HOME PRICES

Value Range
> $1,187,000 2.1
$890,001 - $1,187,000 4.0
$594,001 - $890,000 22.1
$475,001 - $594,000 23.2
$356,001 - $475,000 24.2
$238,001 - $356,000 10.7
$119,001 - $238,000 10.9
$60,001 - $119,000 1.6
$0 - $60,000 1.3

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
6.46483574398314 7.20221606648199

Number Of Homes And Apartments:
14,024

Rent & Ownership

 

Average Market Rent:
$1,834 / per month

Homeownership Rate

Homeownership
Owners 58.17
Renters 41.83
Vacant 4.50

Housing Market Details

 

Age of Homes

AGE OF Annandale HOMES
2000 or Newer 4.0
1970 - 1999 41.1
1940 - 1969 53.6
1939 or Older 1.3

Types of Homes

TYPE OF Annandale HOMES
Single-Family 42.6
Townhomes 18.5
Small Apt. Buildings 1.7
Apt. Complexes 36.8
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Annandale HOMES
No Bedroom 0.65
1 Bedroom 13.57
2 Bedrooms 23.31
3 Bedrooms 29.59
4 Bedrooms 23.02
5 or more bedrooms 9.86

Annandale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
103.63% 4.27% 10 10
* 10 is highest