Gloucester Courthouse, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gloucester Courthouse, VA Real Estate Data


Gloucester Courthouse Housing Market Information

With a population of 2,974, 1,000 total housing units (homes and apartments), and a median house value of $261,968, Gloucester Courthouse real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Gloucester Courthouse, accounting for 71.44% of the town's housing units. Other types of housing that are prevalent in Gloucester Courthouse include row houses and other attached homes ( 12.57%), large apartment complexes or high rise apartments ( 8.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.16%).

The most prevalent building size and type in Gloucester Courthouse are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.80% owning and 37.20% renting.

There is a lot of housing in Gloucester Courthouse 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 Gloucester Courthouse built between 2000 and later ( 22.09%). A lesser amount of the housing stock also hails from before 1939 ( 10.44%). There's also some housing in Gloucester Courthouse built between 1940-1969 ( 5.36%).

Gloucester Courthouse Home Appreciation Rates

Gloucester Courthouse's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gloucester Courthouse during the period has been just -0.86%, which is lower than 70% of US communities.

Over the last year, Gloucester Courthouse appreciation rates have trailed the rest of the nation. In the last twelve months, Gloucester Courthouse's appreciation rate has been 2.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gloucester Courthouse were at 1.94%, which equates to an annual appreciation rate of 7.99%.

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

Average Home Values

 

Median Home Value:
$261,968

Gloucester Courthouse, VA HOME PRICES

Value Range
> $1,040,000 2.3
$780,001 - $1,040,000 2.9
$519,001 - $780,000 6.5
$415,001 - $519,000 4.0
$312,001 - $415,000 16.4
$208,001 - $312,000 39.4
$104,001 - $208,000 23.3
$52,001 - $104,000 3.9
$0 - $52,000 1.4

High for VA
High for Nation

Value Relative to Nation Value Relative to State
21.3854892545529 27.9778393351801

Number Of Homes And Apartments:
1,000

Rent & Ownership

 

Average Market Rent:
$1,358 / per month

Homeownership Rate

Homeownership
Owners 62.80
Renters 37.20
Vacant 7.58

Housing Market Details

 

Age of Homes

AGE OF Gloucester Courthouse HOMES
2000 or Newer 22.1
1970 - 1999 62.1
1940 - 1969 5.4
1939 or Older 10.4

Types of Homes

TYPE OF Gloucester Courthouse HOMES
Single-Family 71.4
Townhomes 12.6
Small Apt. Buildings 4.2
Apt. Complexes 8.1
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Gloucester Courthouse HOMES
No Bedroom 2.68
1 Bedroom 9.89
2 Bedrooms 18.67
3 Bedrooms 37.89
4 Bedrooms 25.42
5 or more bedrooms 5.45

Gloucester Courthouse 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
69.40% 3.15% 8 8
* 10 is highest

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Zip Codes in Gloucester Courthouse, VA