Front Royal, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Front Royal Neighborhoods Since 2000




Front Royal, 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

Front Royal Housing Market Information

With 15,070 people, 5,777 houses or apartments, and a median cost of homes of $158,769, Front Royal 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 Front Royal, accounting for 67.64% of the town's housing units. Other types of housing that are prevalent in Front Royal include duplexes, homes converted to apartments or other small apartment buildings ( 11.26%), large apartment complexes or high rise apartments ( 10.79%), and a few row houses and other attached homes ( 9.58%).

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 55.26% owning and 44.74% 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. Front Royal's housing was primarily built during this period, from the '40s through the '60s. A full 37.37% of the town's housing hails from this era. Other housing ages represented in Front Royal include homes built between 1970-1999 ( 34.50%) and housing constructed before 1939 ( 20.16%). There's also some housing in Front Royal built between 2000 and later ( 7.97%).

Front Royal Home Appreciation Rates

Homes have actually lost value in Front Royal over the last then years, as home values have seen a decline of 25.02% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Front Royal home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

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 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 Front Royal were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Front Royal's latest annual appreciation rate is higher than 60% 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:
$158,769

Front Royal, VA HOME PRICES

Value Range
> $1,116,000 0.3
$837,001 - $1,116,000 0.6
$557,001 - $837,000 0.9
$446,001 - $557,000 3.1
$335,001 - $446,000 7.6
$223,001 - $335,000 24.7
$112,001 - $223,000 48.2
$56,001 - $112,000 9.8
$0 - $56,000 4.9

Low for VA
Average for Nation

Value Relative to Nation Value Relative to State
46.2029766787765 62.6038781163435

Number Of Homes And Apartments:
5,777

Front Royal 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
51.16% 2.42% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,089 / per month

Homeownership Rate

Homeownership
Owners 55.26
Renters 44.74
Vacant 8.99

Housing Market Details

 

Age of Homes

AGE OF Front Royal HOMES
2000 or Newer 8.0
1970 - 1999 34.5
1940 - 1969 37.4
1939 or Older 20.2

Types of Homes

TYPE OF Front Royal HOMES
Single-Family 67.6
Townhomes 9.6
Small Apt. Buildings 11.3
Apt. Complexes 10.8
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Front Royal HOMES
No Bedroom 2.61
1 Bedroom 10.52
2 Bedrooms 25.41
3 Bedrooms 40.47
4 Bedrooms 17.38
5 or more bedrooms 3.61