Collinsville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Collinsville Neighborhoods Since 2000




Collinsville, 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

Collinsville Housing Market Information

With a population of 7,055, 3,428 total housing units (homes and apartments), and a median house value of $95,019, house prices in Collinsville are some of the most affordable in Virginia as well as the nation.

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

Homes have actually lost value in Collinsville over the last then years, as home values have seen a decline of 19.37% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Collinsville home appreciation rates at -1.60%, which equates to an annual appreciation rate of -6.23%.

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 -4.72%, 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 -1.60%, which equates to an annual appreciation rate of -6.23%.

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

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:
$95,019

Collinsville, VA HOME PRICES

Value Range
> $867,000 1.8
$651,001 - $867,000 0.2
$433,001 - $651,000 0.0
$347,001 - $433,000 2.1
$260,001 - $347,000 0.3
$173,001 - $260,000 6.4
$87,001 - $173,000 45.0
$43,001 - $87,000 29.5
$0 - $43,000 14.6

Very Low for VA
Very Low for Nation

Value Relative to Nation Value Relative to State
80.7863588421423 90.3047091412742

Number Of Homes And Apartments:
3,428

Collinsville 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
0.26% 0.01% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$752 / 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

Popular Neighborhoods in Collinsville

Zip Codes in Collinsville, VA