Emporia, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Emporia Neighborhoods Since 2000




Emporia, 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

Emporia Housing Market Information

With a population of 5,496, 2,459 total housing units (homes and apartments), and a median house value of $130,593, house prices in Emporia are solidly below the national average.

Single-family detached homes are the single most common housing type in Emporia, accounting for 69.77% of the city's housing units. Other types of housing that are prevalent in Emporia include large apartment complexes or high rise apartments ( 10.31%), duplexes, homes converted to apartments or other small apartment buildings ( 10.16%), and a few row houses and other attached homes ( 5.99%).

The most prevalent building size and type in Emporia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 40.89% owning and 59.11% renting.

There is a lot of housing in Emporia 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 Emporia built between 1940-1969 ( 37.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.62%). There's also some housing in Emporia built before 1939 ( 11.36%).

Emporia Home Appreciation Rates

Emporia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Emporia during the period has been just -1.38%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Emporia's appreciation rate, at 3.72%, has been at or slightly above the national average. In the latest quarter, Emporia's appreciation rate has been -1.60%, which annualizes to a rate of -6.23%.

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

Relative to Virginia, our data show that Emporia's latest annual appreciation rate is higher than 70% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$130,593

Emporia, VA HOME PRICES

Value Range
> $1,047,000 0.0
$785,001 - $1,047,000 0.9
$523,001 - $785,000 1.1
$418,001 - $523,000 0.3
$314,001 - $418,000 1.9
$210,001 - $314,000 12.0
$104,001 - $210,000 34.9
$53,001 - $104,000 37.4
$0 - $53,000 11.4

Low for VA
Average for Nation

Value Relative to Nation Value Relative to State
59.5277159264034 73.4072022160665

Number Of Homes And Apartments:
2,459

Emporia 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
24.48% 1.28% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$793 / per month

Homeownership Rate

Homeownership
Owners 40.89
Renters 59.11
Vacant 8.45

Housing Market Details

 

Age of Homes

AGE OF Emporia HOMES
2000 or Newer 12.6
1970 - 1999 38.2
1940 - 1969 37.9
1939 or Older 11.4

Types of Homes

TYPE OF Emporia HOMES
Single-Family 69.8
Townhomes 6.0
Small Apt. Buildings 10.2
Apt. Complexes 10.3
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Emporia HOMES
No Bedroom 0.00
1 Bedroom 12.36
2 Bedrooms 31.53
3 Bedrooms 43.00
4 Bedrooms 9.16
5 or more bedrooms 3.95