Charles City, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Charles City, 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

Charles City Housing Market Information

With 129 people, 81 houses or apartments, and a median cost of homes of $189,734, Charles City real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Charles City, accounting for 86.27% of the town's housing units. Other types of housing that are prevalent in Charles City include mobile homes or trailers ( 13.73%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Charles City. Owner-occupied housing accounts for 81.48% of Charles City's homes, and 79.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Charles City 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 Charles City built between 1940-1969 ( 21.57%). A lesser amount of the housing stock also hails from before 1939 ( 19.61%). There's also some housing in Charles City built between 2000 and later ( 9.80%).

Vacant housing appears to be an issue in Charles City. Fully 20.59% of the housing stock is classified as vacant. Left unchecked, vacant Charles City homes and apartments can be a drag on the real estate market, holding Charles City 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.

Charles City Home Appreciation Rates

Charles City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Charles City during the period has been just -0.83%, which is lower than 70% of US communities.

Over the last year, Charles City appreciation rates have trailed the rest of the nation. In the last twelve months, Charles City's appreciation rate has been 2.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Charles City were at 1.35%, which equates to an annual appreciation rate of 5.51%.

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

Average Home Values

 

Median Home Value:
$189,734

Charles City, VA HOME PRICES

Value Range
> $1,111,000 2.2
$834,001 - $1,111,000 4.4
$556,001 - $834,000 6.6
$445,001 - $556,000 0.6
$333,001 - $445,000 6.1
$222,001 - $333,000 19.1
$111,001 - $222,000 41.3
$56,001 - $111,000 14.5
$0 - $56,000 5.2

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
35.0111332473925 51.8005540166205

Number Of Homes And Apartments:
81

Charles City 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
46.53% 2.24% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,243 / per month

Homeownership Rate

Homeownership
Owners 81.48
Renters 18.52
Vacant 20.59

Housing Market Details

 

Age of Homes

AGE OF Charles City HOMES
2000 or Newer 9.8
1970 - 1999 49.0
1940 - 1969 21.6
1939 or Older 19.6

Types of Homes

TYPE OF Charles City HOMES
Single-Family 86.3
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 13.7
Other 0.0

Home Size

SIZE OF Charles City HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 14.71
3 Bedrooms 62.75
4 Bedrooms 16.67
5 or more bedrooms 5.88

Popular Neighborhoods in Charles City

Zip Codes in Charles City, VA