Fort Belvoir, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Belvoir, 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

Fort Belvoir Housing Market Information

Row houses and other attached homes are the single most common housing type in Fort Belvoir, accounting for 51.32% of the town's housing units. Other types of housing that are prevalent in Fort Belvoir include single-family detached homes ( 37.25%), large apartment complexes or high rise apartments ( 8.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.17%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Renters dominate Fort Belvoir's housing market, and most live in three of four bedroom dwellings, chiefly found in row houses and other attached homes.

Fort Belvoir homes and real estate are some of the newest in America. 64.45% of Fort Belvoir'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 Fort Belvoir real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 15.11%), and between 1940-1969 ( 13.36%). There's also some housing in Fort Belvoir built before 1939 ( 7.08%).

Fort Belvoir Home Appreciation Rates

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

NeighborhoodScout's data show that during the latest twelve months, Fort Belvoir's appreciation rate, at 3.45%, has been at or slightly above the national average. In the latest quarter, Fort Belvoir's appreciation rate has been -0.17%, which annualizes to a rate of -0.70%.

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

Average Home Values

 

Fort Belvoir 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
96.34% 3.99% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,296 / per month

Homeownership Rate

Homeownership
Owners 0.42
Renters 99.58
Vacant 5.29

Housing Market Details

 

Age of Homes

AGE OF Fort Belvoir HOMES
2000 or Newer 64.4
1970 - 1999 15.1
1940 - 1969 13.4
1939 or Older 7.1

Types of Homes

TYPE OF Fort Belvoir HOMES
Single-Family 37.3
Townhomes 51.3
Small Apt. Buildings 2.2
Apt. Complexes 8.7
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Fort Belvoir HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 4.67
3 Bedrooms 49.67
4 Bedrooms 34.89
5 or more bedrooms 10.76

Popular Neighborhoods in Fort Belvoir

Zip Codes in Fort Belvoir, VA