Floyd, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Floyd, 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

Floyd Housing Market Information

With 439 people, 256 houses or apartments, and a median cost of homes of $168,639, Floyd real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Floyd, accounting for 69.93% of the town's housing units. Other types of housing that are prevalent in Floyd include large apartment complexes or high rise apartments ( 14.34%), duplexes, homes converted to apartments or other small apartment buildings ( 7.34%), and a few mobile homes or trailers ( 5.24%).

The most prevalent building size and type in Floyd are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.98% owning and 41.02% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Floyd's housing was primarily built during this period, from the '40s through the '60s. A full 35.66% of the town's housing hails from this era. Other housing ages represented in Floyd include homes built between 1970-1999 ( 35.31%) and housing constructed before 1939 ( 24.48%). There's also some housing in Floyd built between 2000 and later ( 4.55%).

Vacant housing appears to be an issue in Floyd. Fully 10.49% of the housing stock is classified as vacant. Left unchecked, vacant Floyd homes and apartments can be a drag on the real estate market, holding Floyd real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Floyd Home Appreciation Rates

Appreciation rates for homes in Floyd have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.93%, which ranks in the top 50% nationwide. This equates to an annual average Floyd house appreciation rate of 0.29%.

Over the last year, Floyd appreciation rates have trailed the rest of the nation. In the last twelve months, Floyd's appreciation rate has been -1.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Floyd were at -1.54%, which equates to an annual appreciation rate of -6.02%.

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

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

Average Home Values

 

Median Home Value:
$168,639

Floyd, VA HOME PRICES

Value Range
> $1,027,000 1.1
$771,001 - $1,027,000 0.9
$514,001 - $771,000 1.9
$411,001 - $514,000 3.1
$308,001 - $411,000 4.0
$205,001 - $308,000 23.5
$103,001 - $205,000 43.3
$51,001 - $103,000 13.9
$0 - $51,000 8.4

Average for VA
Average for Nation

Value Relative to Nation Value Relative to State
42.1071135591234 57.617728531856

Number Of Homes And Apartments:
256

Floyd 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
50.22% 2.39% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$664 / per month

Homeownership Rate

Homeownership
Owners 58.98
Renters 41.02
Vacant 10.49

Housing Market Details

 

Age of Homes

AGE OF Floyd HOMES
2000 or Newer 4.5
1970 - 1999 35.3
1940 - 1969 35.7
1939 or Older 24.5

Types of Homes

TYPE OF Floyd HOMES
Single-Family 69.9
Townhomes 3.1
Small Apt. Buildings 7.3
Apt. Complexes 14.3
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Floyd HOMES
No Bedroom 0.70
1 Bedroom 19.58
2 Bedrooms 19.93
3 Bedrooms 43.71
4 Bedrooms 15.38
5 or more bedrooms 0.70

Popular Neighborhoods in Floyd

Zip Codes in Floyd, VA