Blackstone, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Blackstone, VA Real Estate Data


Blackstone Housing Market Information

With 3,491 people, 1,502 houses or apartments, and a median cost of homes of $120,116, house prices in Blackstone are solidly below the national average.

Single-family detached homes are the single most common housing type in Blackstone, accounting for 69.20% of the town's housing units. Other types of housing that are prevalent in Blackstone include duplexes, homes converted to apartments or other small apartment buildings ( 11.71%), large apartment complexes or high rise apartments ( 10.29%), and a few mobile homes or trailers ( 4.86%).

The most prevalent building size and type in Blackstone are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 38.17% owning and 61.83% renting.

There is a lot of housing in Blackstone 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 Blackstone built between 1940-1969 ( 36.51%). A lesser amount of the housing stock also hails from before 1939 ( 17.43%). There's also some housing in Blackstone built between 2000 and later ( 4.29%).

Vacant housing appears to be an issue in Blackstone. Fully 14.17% of the housing stock is classified as vacant. Left unchecked, vacant Blackstone homes and apartments can be a drag on the real estate market, holding Blackstone 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.

Blackstone Home Appreciation Rates

Real estate appreciation rates in Blackstone's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.59% during the period.

Over the last year, Blackstone appreciation rates have trailed the rest of the nation. In the last twelve months, Blackstone'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 Blackstone were at 1.96%, which equates to an annual appreciation rate of 8.06%.

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

Average Home Values

 

Median Home Value:
$120,116

Blackstone, VA HOME PRICES

Value Range
> $1,031,000 0.0
$773,001 - $1,031,000 0.0
$515,001 - $773,000 1.6
$412,001 - $515,000 0.0
$309,001 - $412,000 2.6
$206,001 - $309,000 13.6
$103,001 - $206,000 40.9
$51,001 - $103,000 28.1
$0 - $51,000 13.1

Low for VA
Low for Nation

Value Relative to Nation Value Relative to State
66.2528547168706 75.6232686980609

Number Of Homes And Apartments:
1,502

Rent & Ownership

 

Average Market Rent:
$965 / per month

Homeownership Rate

Homeownership
Owners 38.17
Renters 61.83
Vacant 14.17

Housing Market Details

 

Age of Homes

AGE OF Blackstone HOMES
2000 or Newer 4.3
1970 - 1999 41.8
1940 - 1969 36.5
1939 or Older 17.4

Types of Homes

TYPE OF Blackstone HOMES
Single-Family 69.2
Townhomes 3.9
Small Apt. Buildings 11.7
Apt. Complexes 10.3
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Blackstone HOMES
No Bedroom 5.77
1 Bedroom 13.66
2 Bedrooms 23.77
3 Bedrooms 39.49
4 Bedrooms 12.57
5 or more bedrooms 4.74

Blackstone 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
64.29% 2.96% 7 8
* 10 is highest

Popular Neighborhoods in Blackstone

Zip Codes in Blackstone, VA