Crozet, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Crozet Neighborhoods Since 2000




Crozet, 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

Crozet Housing Market Information

With 5,875 people, 2,512 houses or apartments, and a median cost of homes of $361,650, 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 62.31% of the town's housing units. Other types of housing that are prevalent in Crozet include row houses and other attached homes ( 26.28%), large apartment complexes or high rise apartments ( 6.50%), and a few mobile homes or trailers ( 3.66%).

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 75.86% of Crozet's homes, and 70.54% 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. 51.66% 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 ( 33.46%), and between 1940-1969 ( 9.33%). There's also some housing in Crozet built before 1939 ( 5.55%).

Crozet Home Appreciation Rates

Real estate appreciation rates in Crozet's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.48% during the period.

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 2.73%, 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 -0.32%, which equates to an annual appreciation rate of -1.27%.

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

Average Home Values

 

Median Home Value:
$361,650

Crozet, VA HOME PRICES

Value Range
> $1,085,000 3.5
$814,001 - $1,085,000 1.3
$543,001 - $814,000 15.2
$434,001 - $543,000 13.7
$326,001 - $434,000 25.9
$217,001 - $326,000 21.4
$109,001 - $217,000 12.9
$54,001 - $109,000 0.0
$0 - $54,000 6.1

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
11.3734911519981 13.5734072022161

Number Of Homes And Apartments:
2,512

Crozet 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
63.74% 2.90% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,605 / per month

Homeownership Rate

Homeownership
Owners 75.86
Renters 24.14
Vacant 5.14

Housing Market Details

 

Age of Homes

AGE OF Crozet HOMES
2000 or Newer 51.7
1970 - 1999 33.5
1940 - 1969 9.3
1939 or Older 5.6

Types of Homes

TYPE OF Crozet HOMES
Single-Family 62.3
Townhomes 26.3
Small Apt. Buildings 1.2
Apt. Complexes 6.5
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Crozet HOMES
No Bedroom 3.81
1 Bedroom 2.49
2 Bedrooms 19.34
3 Bedrooms 38.82
4 Bedrooms 31.72
5 or more bedrooms 3.81

Popular Neighborhoods in Crozet

Zip Codes in Crozet, VA