Gainesville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gainesville Neighborhoods Since 2000




Gainesville, 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

Gainesville Housing Market Information

With a population of 12,750, 4,207 total housing units (homes and apartments), and a median house value of $452,629, Gainesville house prices are not only among the most expensive in Virginia, Gainesville real estate also is some of the most expensive in all of America.

Gainesville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Gainesville than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gainesville. Owner-occupied housing accounts for 80.32% of Gainesville's homes, and 74.18% have either three or four bedrooms, which is average sized relative to America.

Gainesville homes and real estate are some of the newest in America. 72.75% of Gainesville'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 Gainesville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 19.99%), and between 1940-1969 ( 6.74%).

Gainesville Home Appreciation Rates

Gainesville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gainesville during the period has been just -1.50%, which is lower than 80% of US communities.

Over the last year, Gainesville appreciation rates have trailed the rest of the nation. In the last twelve months, Gainesville's appreciation rate has been 0.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gainesville were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Gainesville's latest annual appreciation rate is lower 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 Gainesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gainesville - 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 Gainesville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$452,629

Gainesville, VA HOME PRICES

Value Range
> $1,111,000 0.7
$833,001 - $1,111,000 5.5
$556,001 - $833,000 29.2
$445,001 - $556,000 24.2
$333,001 - $445,000 23.7
$222,001 - $333,000 12.9
$111,001 - $222,000 3.4
$56,001 - $111,000 0.0
$0 - $56,000 0.3

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
7.30106644790812 9.69529085872576

Number Of Homes And Apartments:
4,207

Gainesville 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
60.66% 2.79% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,349 / per month

Homeownership Rate

Homeownership
Owners 80.32
Renters 19.68
Vacant 8.50

Housing Market Details

 

Age of Homes

AGE OF Gainesville HOMES
2000 or Newer 72.7
1970 - 1999 20.0
1940 - 1969 6.7
1939 or Older 0.5

Types of Homes

TYPE OF Gainesville HOMES
Single-Family 62.0
Townhomes 25.8
Small Apt. Buildings 3.4
Apt. Complexes 8.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Gainesville HOMES
No Bedroom 0.00
1 Bedroom 2.59
2 Bedrooms 8.92
3 Bedrooms 34.23
4 Bedrooms 39.95
5 or more bedrooms 14.31