Broadway, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Broadway Neighborhoods Since 2000




Broadway, 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

Broadway Housing Market Information

With 3,807 people, 1,569 houses or apartments, and a median cost of homes of $179,323, Broadway real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Broadway, accounting for 63.87% of the town's housing units. Other types of housing that are prevalent in Broadway include row houses and other attached homes ( 24.60%), duplexes, homes converted to apartments or other small apartment buildings ( 5.43%), and a few large apartment complexes or high rise apartments ( 3.45%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Broadway. Owner-occupied housing accounts for 74.56% of Broadway's homes, and 76.02% have either three or four bedrooms, which is average sized relative to America.

Broadway homes and real estate are some of the newest in America. 40.94% of Broadway's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Broadway real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 38.10%), and between 1940-1969 ( 14.92%). There's also some housing in Broadway built before 1939 ( 6.04%).

Broadway Home Appreciation Rates

Broadway's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Broadway during the period has been just -1.18%, which is lower than 70% of US communities.

Over the last year, Broadway appreciation rates have trailed the rest of the nation. In the last twelve months, Broadway's appreciation rate has been -1.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Broadway were at -0.75%, which equates to an annual appreciation rate of -2.98%.

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

Relative to Virginia, our data show that Broadway's latest annual appreciation rate is lower than 80% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$179,323

Broadway, VA HOME PRICES

Value Range
> $1,012,000 0.0
$759,001 - $1,012,000 1.9
$506,001 - $759,000 4.6
$405,001 - $506,000 1.2
$304,001 - $405,000 6.2
$202,001 - $304,000 26.7
$101,001 - $202,000 47.8
$51,001 - $101,000 6.8
$0 - $51,000 4.8

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
38.3891948904254 54.1551246537396

Number Of Homes And Apartments:
1,569

Broadway 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
42.96% 2.09% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$839 / per month

Homeownership Rate

Homeownership
Owners 74.56
Renters 25.44
Vacant 3.27

Housing Market Details

 

Age of Homes

AGE OF Broadway HOMES
2000 or Newer 40.9
1970 - 1999 38.1
1940 - 1969 14.9
1939 or Older 6.0

Types of Homes

TYPE OF Broadway HOMES
Single-Family 63.9
Townhomes 24.6
Small Apt. Buildings 5.4
Apt. Complexes 3.5
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Broadway HOMES
No Bedroom 0.49
1 Bedroom 1.66
2 Bedrooms 18.62
3 Bedrooms 56.66
4 Bedrooms 19.36
5 or more bedrooms 3.21

Popular Neighborhoods in Broadway

Zip Codes in Broadway, VA