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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 195 people, 31 houses or apartments, and a median cost of homes of $435,239, Churchville real estate prices are well above average cost compared to national prices.
Churchville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Churchville than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Churchville. Owner-occupied housing accounts for 100.00% of Churchville's homes, and 100.00% have either three or four bedrooms, which is average sized relative to America.
The housing in Churchville was primarily built before 1939 ( 58.06%), making the housing stock in Churchville some of the oldest overall in America, although there is a range of ages of homes in Churchville. The next most important housing age is between 1940-1969 ( 41.94%), followed by between 1970-1999 ( 0.00%).
Real estate appreciation rates in Churchville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.87% during the period.
Appreciation rates are so strong in Churchville that despite a nationwide downturn in the housing market, Churchville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Churchville appreciation rates continue to be some of the highest in America, at 10.11%, which is higher than appreciation rates in 95.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Churchville. Churchville appreciation rates in the latest quarter were at 4.84%, which equates to an annual appreciation rate of 20.79%.
Importantly, this makes Churchville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Virginia, our data show that Churchville's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia.
$435,239
for Virginia
for nation
31
$1,877 / per month