Cedar Bluff, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cedar Bluff Neighborhoods Since 2000




Cedar Bluff, 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

Cedar Bluff Housing Market Information

With a population of 1,076, 526 total housing units (homes and apartments), and a median house value of $99,097, house prices in Cedar Bluff are solidly below the national average.

Single-family detached homes are the single most common housing type in Cedar Bluff, accounting for 63.89% of the town's housing units. Other types of housing that are prevalent in Cedar Bluff include mobile homes or trailers ( 20.10%), duplexes, homes converted to apartments or other small apartment buildings ( 11.44%), and a few large apartment complexes or high rise apartments ( 4.58%).

The most prevalent building size and type in Cedar Bluff are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.13% owning and 40.87% renting.

There is a lot of housing in Cedar Bluff 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 Cedar Bluff built between 1940-1969 ( 30.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.46%). There's also some housing in Cedar Bluff built before 1939 ( 9.15%).

Vacant housing appears to be an issue in Cedar Bluff. Fully 14.05% of the housing stock is classified as vacant. Left unchecked, vacant Cedar Bluff homes and apartments can be a drag on the real estate market, holding Cedar Bluff 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.

Cedar Bluff Home Appreciation Rates

Cedar Bluff's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cedar Bluff during the period has been just -0.89%, which is lower than 70% of US communities.

Over the last year, Cedar Bluff appreciation rates have trailed the rest of the nation. In the last twelve months, Cedar Bluff's appreciation rate has been 1.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cedar Bluff were at -1.60%, which equates to an annual appreciation rate of -6.23%.

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

Relative to Virginia, our data show that Cedar Bluff's latest annual appreciation rate is lower than 50% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$99,097

Cedar Bluff, VA HOME PRICES

Value Range
> $1,022,000 1.4
$766,001 - $1,022,000 0.0
$511,001 - $766,000 0.9
$409,001 - $511,000 0.2
$306,001 - $409,000 3.0
$204,001 - $306,000 10.1
$102,001 - $204,000 30.2
$51,001 - $102,000 27.6
$0 - $51,000 26.6

Very Low for VA
Low for Nation

Value Relative to Nation Value Relative to State
78.1407476854565 86.8421052631579

Number Of Homes And Apartments:
526

Cedar Bluff 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
41.92% 2.05% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$707 / per month

Homeownership Rate

Homeownership
Owners 59.13
Renters 40.87
Vacant 14.05

Housing Market Details

 

Age of Homes

AGE OF Cedar Bluff HOMES
2000 or Newer 10.5
1970 - 1999 49.7
1940 - 1969 30.7
1939 or Older 9.2

Types of Homes

TYPE OF Cedar Bluff HOMES
Single-Family 63.9
Townhomes 0.0
Small Apt. Buildings 11.4
Apt. Complexes 4.6
Mobile Homes 20.1
Other 0.0

Home Size

SIZE OF Cedar Bluff HOMES
No Bedroom 0.65
1 Bedroom 2.12
2 Bedrooms 30.88
3 Bedrooms 48.37
4 Bedrooms 14.87
5 or more bedrooms 3.10