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Front Royal, 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 Q4 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Front Royal, VA Housing Market Trends

With a population of 15,155, 5,770 total housing units (homes and apartments), and a median house value of $280,494, Front Royal real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Front Royal, accounting for 64.35% of the town's housing units. Other types of housing that are prevalent in Front Royal include large apartment complexes or high rise apartments ( 13.52%), row houses and other attached homes ( 11.80%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.49%).

The most prevalent building size and type in Front Royal are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.23% owning and 42.77% renting.

There is a lot of housing in Front Royal 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 Front Royal built between 1940-1969 ( 29.99%). A lesser amount of the housing stock also hails from before 1939 ( 16.03%). There's also some housing in Front Royal built between 2000 and later ( 10.07%).

Front Royal Home Appreciation Rates

Appreciation rates for homes in Front Royal have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 72.78%, which ranks in the top 50% nationwide. This equates to an annual average Front Royal house appreciation rate of 5.62%.

Over the last year, Front Royal appreciation rates have trailed the rest of the nation. In the last twelve months, Front Royal's appreciation rate has been 4.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Front Royal were at -2.15%, which equates to an annual appreciation rate of -8.34%.

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

Relative to Virginia, our data show that Front Royal's latest annual appreciation rate is lower than 80% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Front Royal differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Front Royal - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Front Royal real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$280,494

Front Royal, VA Home Prices
> $1,277,000
$958,001 - $1,277,000
$638,001 - $958,000
$511,001 - $638,000
$383,001 - $511,000
$255,001 - $383,000
$128,001 - $255,000
$64,001 - $128,000
$0 - $64,000
0.4%
0.4%
0.0%
0.0%
2.8%
2.8%
4.8%
4.8%
15.6%
15.6%
39.9%
39.9%
30.1%
30.1%
2.8%
2.8%
3.5%
3.5%
0% 100.0%
% of Homes
Average

for Virginia

High

for nation

Number of Homes And Apartments:

5,770

Front Royal Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,409 / per month

Homeownership Rate

Owners
Renters
Vacant
57.2%
57.2%
42.8%
42.8%
6.9%
6.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.1%
10.1%
43.9%
43.9%
30.0%
30.0%
16.0%
16.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.3%
64.3%
11.8%
11.8%
9.5%
9.5%
13.5%
13.5%
0.8%
0.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.1%
1.1%
9.7%
9.7%
27.5%
27.5%
43.9%
43.9%
13.1%
13.1%
4.7%
4.7%
0% 100.0%
% of Homes