Blackstone, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Blackstone Neighborhoods Since 2000




Blackstone, 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

Blackstone Housing Market Information

With 3,491 people, 1,447 houses or apartments, and a median cost of homes of $120,572, 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 67.70% of the town's housing units. Other types of housing that are prevalent in Blackstone include large apartment complexes or high rise apartments ( 13.94%), duplexes, homes converted to apartments or other small apartment buildings ( 9.93%), and a few row houses and other attached homes ( 4.37%).

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 41.71% owning and 58.29% 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 ( 34.87%). A lesser amount of the housing stock also hails from before 1939 ( 18.00%). There's also some housing in Blackstone built between 2000 and later ( 5.20%).

Vacant housing appears to be an issue in Blackstone. Fully 13.46% 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

Blackstone's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Blackstone during the period has been just -1.67%, which is lower than 80% of US communities.

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 -0.12%, 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 -1.60%, which equates to an annual appreciation rate of -6.23%.

Notably, Blackstone's appreciation rate in the latest quarter is one of the lowest in America.

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:
$120,572

Blackstone, VA HOME PRICES

Value Range
> $1,021,000 0.9
$766,001 - $1,021,000 0.0
$511,001 - $766,000 1.4
$408,001 - $511,000 0.0
$306,001 - $408,000 3.9
$204,001 - $306,000 13.3
$102,001 - $204,000 37.9
$51,001 - $102,000 32.1
$0 - $51,000 10.6

Low for VA
Low for Nation

Value Relative to Nation Value Relative to State
65.0650416031876 76.7313019390582

Number Of Homes And Apartments:
1,447

Blackstone 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
55.88% 2.61% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$994 / per month

Homeownership Rate

Homeownership
Owners 41.71
Renters 58.29
Vacant 13.46

Housing Market Details

 

Age of Homes

AGE OF Blackstone HOMES
2000 or Newer 5.2
1970 - 1999 41.9
1940 - 1969 34.9
1939 or Older 18.0

Types of Homes

TYPE OF Blackstone HOMES
Single-Family 67.7
Townhomes 4.4
Small Apt. Buildings 9.9
Apt. Complexes 13.9
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Blackstone HOMES
No Bedroom 7.06
1 Bedroom 12.86
2 Bedrooms 19.02
3 Bedrooms 44.14
4 Bedrooms 14.23
5 or more bedrooms 2.69

Popular Neighborhoods in Blackstone

Zip Codes in Blackstone, VA