Glade Spring, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Glade Spring, VA Real Estate Data


Glade Spring Housing Market Information

With a population of 1,453, 616 total housing units (homes and apartments), and a median house value of $102,872, house prices in Glade Spring are solidly below the national average.

Single-family detached homes are the single most common housing type in Glade Spring, accounting for 85.63% of the town's housing units. Other types of housing that are prevalent in Glade Spring include duplexes, homes converted to apartments or other small apartment buildings ( 6.47%), mobile homes or trailers ( 5.60%), and a few large apartment complexes or high rise apartments ( 1.72%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glade Spring. Owner-occupied housing accounts for 69.97% of Glade Spring's homes, and 69.68% have either three or four bedrooms, which is average sized relative to America.

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. Glade Spring's housing was primarily built during this period, from the '40s through the '60s. A full 35.92% of the town's housing hails from this era. Other housing ages represented in Glade Spring include homes built between 1970-1999 ( 34.05%) and housing constructed before 1939 ( 20.40%). There's also some housing in Glade Spring built between 2000 and later ( 9.63%).

Vacant housing appears to be an issue in Glade Spring. Fully 11.49% of the housing stock is classified as vacant. Left unchecked, vacant Glade Spring homes and apartments can be a drag on the real estate market, holding Glade Spring 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.

Glade Spring Home Appreciation Rates

Appreciation rates for homes in Glade Spring have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.79%, which ranks in the top 40% nationwide. This equates to an annual average Glade Spring house appreciation rate of 0.94%.

Over the last year, Glade Spring appreciation rates have trailed the rest of the nation. In the last twelve months, Glade Spring's appreciation rate has been 3.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glade Spring were at 2.04%, which equates to an annual appreciation rate of 8.43%.

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

Average Home Values

 

Median Home Value:
$102,872

Glade Spring, VA HOME PRICES

Value Range
> $1,057,000 1.5
$793,001 - $1,057,000 0.6
$529,001 - $793,000 0.3
$423,001 - $529,000 0.5
$317,001 - $423,000 3.4
$211,001 - $317,000 11.3
$106,001 - $211,000 28.7
$53,001 - $106,000 33.1
$0 - $53,000 20.6

Very Low for VA
Low for Nation

Value Relative to Nation Value Relative to State
77.062715933712 85.8725761772853

Number Of Homes And Apartments:
616

Rent & Ownership

 

Average Market Rent:
$724 / per month

Homeownership Rate

Homeownership
Owners 69.97
Renters 30.03
Vacant 11.49

Housing Market Details

 

Age of Homes

AGE OF Glade Spring HOMES
2000 or Newer 9.6
1970 - 1999 34.1
1940 - 1969 35.9
1939 or Older 20.4

Types of Homes

TYPE OF Glade Spring HOMES
Single-Family 85.6
Townhomes 0.6
Small Apt. Buildings 6.5
Apt. Complexes 1.7
Mobile Homes 5.6
Other 0.0

Home Size

SIZE OF Glade Spring HOMES
No Bedroom 1.29
1 Bedroom 3.88
2 Bedrooms 22.70
3 Bedrooms 50.00
4 Bedrooms 19.68
5 or more bedrooms 2.44

Glade Spring Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
48.66% 2.36% 4 6
* 10 is highest

Popular Neighborhoods in Glade Spring

Zip Codes in Glade Spring, VA