Glen Allen, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Glen Allen, VA Housing Market Trends

With a population of 15,495, 6,089 total housing units (homes and apartments), and a median house value of $262,726, Glen Allen real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Glen Allen, accounting for 70.10% of the town's housing units. Other types of housing that are prevalent in Glen Allen include large apartment complexes or high rise apartments ( 16.48%), row houses and other attached homes ( 11.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.67%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glen Allen. Owner-occupied housing accounts for 73.87% of Glen Allen's homes, and 73.64% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Glen Allen 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 Glen Allen built between 2000 and later ( 21.07%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.18%). There's also some housing in Glen Allen built before 1939 ( 3.60%).

Glen Allen Home Appreciation Rates

Real estate appreciation rates in Glen Allen's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.33% during the period.

Over the last year, Glen Allen appreciation rates have trailed the rest of the nation. In the last twelve months, Glen Allen's appreciation rate has been 7.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glen Allen were at 2.33%, which equates to an annual appreciation rate of 9.65%.

Relative to Virginia, our data show that Glen Allen's latest annual appreciation rate is lower than 70% 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 Glen Allen differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glen Allen - 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 Glen Allen real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$262,726

Glen Allen, VA HOME PRICES

> $1,179,000
0.7%
0.7%
$884,001 - $1,179,000
0.4%
0.4%
$589,001 - $884,000
5.0%
5.0%
$472,001 - $589,000
5.4%
5.4%
$354,001 - $472,000
19.0%
19.0%
$236,001 - $354,000
35.1%
35.1%
$118,001 - $236,000
30.6%
30.6%
$59,001 - $118,000
1.6%
1.6%
$0 - $59,000
2.1%
2.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for VA

Value Relative To Nation

Number Of Homes And Apartments:
6,089

Glen Allen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
93.07% 3.11%
6
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,964 / per month

Homeownership Rate

Owners
73.9%
73.9%
Renters
26.1%
26.1%
Vacant
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.1%
21.1%
1970 - 1999
66.2%
66.2%
1940 - 1969
9.2%
9.2%
1939 or Older
3.6%
3.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.1%
70.1%
Townhomes
11.7%
11.7%
Small Apt. Buildings
1.7%
1.7%
Apt. Complexes
16.5%
16.5%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
3.2%
3.2%
2 Bedrooms
18.8%
18.8%
3 Bedrooms
42.7%
42.7%
4 Bedrooms
30.9%
30.9%
5 or more bedrooms
4.0%
4.0%
0.0% 100.0%
% OF HOMES