Collinsville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Collinsville, VA Real Estate Data


Collinsville Housing Market Information

With a population of 7,055, 3,428 total housing units (homes and apartments), and a median house value of $96,809, house prices in Collinsville are solidly below the national average.

Single-family detached homes are the single most common housing type in Collinsville, accounting for 62.30% of the town's housing units. Other types of housing that are prevalent in Collinsville include large apartment complexes or high rise apartments ( 16.29%), mobile homes or trailers ( 12.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.39%).

The most prevalent building size and type in Collinsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.07% owning and 37.93% renting.

There is a lot of housing in Collinsville 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 Collinsville built between 1940-1969 ( 41.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.29%).

Collinsville Home Appreciation Rates

Collinsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Collinsville during the period has been just -1.69%, which is lower than 80% of US communities.

Over the last year, Collinsville appreciation rates have trailed the rest of the nation. In the last twelve months, Collinsville's appreciation rate has been -2.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Collinsville were at 0.56%, which equates to an annual appreciation rate of 2.25%.

Relative to Virginia, our data show that Collinsville's latest annual appreciation rate is lower than 90% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$96,809

Collinsville, VA HOME PRICES

Value Range
> $884,000 1.8
$662,001 - $884,000 0.2
$442,001 - $662,000 0.0
$353,001 - $442,000 2.1
$265,001 - $353,000 0.3
$177,001 - $265,000 6.4
$89,001 - $177,000 45.0
$44,001 - $89,000 29.5
$0 - $44,000 14.6

Very Low for VA
Low for Nation

Value Relative to Nation Value Relative to State
79.5529122231337 90.5817174515235

Number Of Homes And Apartments:
3,428

Rent & Ownership

 

Average Market Rent:
$748 / per month

Homeownership Rate

Homeownership
Owners 62.07
Renters 37.93
Vacant 9.50

Housing Market Details

 

Age of Homes

AGE OF Collinsville HOMES
2000 or Newer 7.3
1970 - 1999 50.5
1940 - 1969 41.4
1939 or Older 0.8

Types of Homes

TYPE OF Collinsville HOMES
Single-Family 62.3
Townhomes 3.4
Small Apt. Buildings 5.4
Apt. Complexes 16.3
Mobile Homes 12.6
Other 0.0

Home Size

SIZE OF Collinsville HOMES
No Bedroom 1.72
1 Bedroom 5.02
2 Bedrooms 31.84
3 Bedrooms 43.08
4 Bedrooms 15.87
5 or more bedrooms 2.48

Collinsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
2.18% 0.13% 1 1
* 10 is highest

Popular Neighborhoods in Collinsville

Zip Codes in Collinsville, VA