Bealeton, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bealeton, 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

Bealeton Housing Market Information

With 4,655 people, 1,378 houses or apartments, and a median cost of homes of $309,622, Bealeton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bealeton, accounting for 67.75% of the town's housing units. Other types of housing that are prevalent in Bealeton include large apartment complexes or high rise apartments ( 20.33%), row houses and other attached homes ( 10.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.89%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bealeton. Owner-occupied housing accounts for 71.04% of Bealeton's homes, and 64.36% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bealeton 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 Bealeton built between 2000 and later ( 25.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.73%). There's also some housing in Bealeton built before 1939 ( 1.63%).

Vacant housing appears to be an issue in Bealeton. Fully 10.23% of the housing stock is classified as vacant. Left unchecked, vacant Bealeton homes and apartments can be a drag on the real estate market, holding Bealeton 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.

Bealeton Home Appreciation Rates

Homes have actually lost value in Bealeton over the last then years, as home values have seen a decline of 20.33% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bealeton home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Over the last year, Bealeton appreciation rates have trailed the rest of the nation. In the last twelve months, Bealeton's appreciation rate has been 2.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bealeton were at -0.17%, which equates to an annual appreciation rate of -0.70%.

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

Average Home Values

 

Median Home Value:
$309,622

Bealeton, VA HOME PRICES

Value Range
> $1,152,000 0.4
$864,001 - $1,152,000 1.8
$576,001 - $864,000 7.8
$461,001 - $576,000 8.3
$346,001 - $461,000 17.2
$230,001 - $346,000 31.8
$115,001 - $230,000 23.3
$58,001 - $115,000 2.9
$0 - $58,000 6.5

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
15.4634946677605 18.005540166205

Number Of Homes And Apartments:
1,378

Bealeton 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
70.27% 3.13% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,450 / per month

Homeownership Rate

Homeownership
Owners 71.04
Renters 28.96
Vacant 10.23

Housing Market Details

 

Age of Homes

AGE OF Bealeton HOMES
2000 or Newer 25.7
1970 - 1999 67.0
1940 - 1969 5.7
1939 or Older 1.6

Types of Homes

TYPE OF Bealeton HOMES
Single-Family 67.8
Townhomes 10.0
Small Apt. Buildings 1.9
Apt. Complexes 20.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bealeton HOMES
No Bedroom 1.24
1 Bedroom 5.02
2 Bedrooms 19.22
3 Bedrooms 38.24
4 Bedrooms 26.12
5 or more bedrooms 10.16

Popular Neighborhoods in Bealeton

Zip Codes in Bealeton, VA