Crozet, VA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Crozet, VA Housing Market Trends

With a population of 5,875, 3,007 total housing units (homes and apartments), and a median house value of $466,470, Crozet house prices are not only among the most expensive in Virginia, Crozet real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Crozet, accounting for 58.02% of the town's housing units. Other types of housing that are prevalent in Crozet include row houses and other attached homes ( 27.96%), large apartment complexes or high rise apartments ( 7.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.84%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Crozet. Owner-occupied housing accounts for 71.66% of Crozet's homes, and 67.31% have either three or four bedrooms, which is average sized relative to America.

Crozet homes and real estate are some of the newest in America. 55.54% of Crozet's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Crozet real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 21.80%), and between 1940-1969 ( 11.39%). There's also some housing in Crozet built before 1939 ( 11.27%).

Crozet Home Appreciation Rates

Appreciation rates for homes in Crozet have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 45.03%, which ranks in the top 50% nationwide. This equates to an annual average Crozet house appreciation rate of 3.79%.

Over the last year, Crozet appreciation rates have trailed the rest of the nation. In the last twelve months, Crozet's appreciation rate has been 5.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Crozet were at 2.78%, which equates to an annual appreciation rate of 11.60%.

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

Average Home Values

 

Median Home Value:
$466,470

Crozet, VA HOME PRICES

> $1,234,000
1.7%
1.7%
$925,001 - $1,234,000
3.0%
3.0%
$617,001 - $925,000
15.6%
15.6%
$494,001 - $617,000
21.0%
21.0%
$370,001 - $494,000
24.2%
24.2%
$247,001 - $370,000
22.1%
22.1%
$124,001 - $247,000
5.1%
5.1%
$61,001 - $124,000
0.0%
0.0%
$0 - $61,000
7.4%
7.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for VA

Value Relative To Nation

Number Of Homes And Apartments:
3,007

Crozet Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
108.98% 3.49%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,042 / per month

Homeownership Rate

Owners
71.7%
71.7%
Renters
28.3%
28.3%
Vacant
6.9%
6.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
55.5%
55.5%
1970 - 1999
21.8%
21.8%
1940 - 1969
11.4%
11.4%
1939 or Older
11.3%
11.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.0%
58.0%
Townhomes
28.0%
28.0%
Small Apt. Buildings
3.8%
3.8%
Apt. Complexes
7.1%
7.1%
Mobile Homes
3.1%
3.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
8.0%
8.0%
2 Bedrooms
13.3%
13.3%
3 Bedrooms
43.0%
43.0%
4 Bedrooms
24.3%
24.3%
5 or more bedrooms
10.4%
10.4%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Crozet

Zip Codes in Crozet, VA