Goochland, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Goochland, 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

Goochland Housing Market Information

With a population of 870, 320 total housing units (homes and apartments), and a median house value of $294,766, Goochland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Goochland, accounting for 87.32% of the town's housing units. Other types of housing that are prevalent in Goochland include mobile homes or trailers ( 11.83%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Goochland. Owner-occupied housing accounts for 95.00% of Goochland's homes, and 46.76% have either three or four bedrooms, which is average sized relative to America.

Goochland homes and real estate are some of the newest in America. 58.87% of Goochland'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 Goochland real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 22.25%), and between 1970-1999 ( 18.87%).

Goochland Home Appreciation Rates

Real estate appreciation rates in Goochland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.53% during the period.

Appreciation rates are so strong in Goochland that despite a nationwide downturn in the housing market, Goochland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Goochland appreciation rates continue to be some of the highest in America, at 9.57%, which is higher than appreciation rates in 92.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Goochland. Goochland appreciation rates in the latest quarter were at 1.35%, which equates to an annual appreciation rate of 5.51%.

Relative to Virginia, our data show that Goochland's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$294,766

Goochland, VA HOME PRICES

Value Range
> $1,175,000 0.9
$881,001 - $1,175,000 1.6
$588,001 - $881,000 4.3
$470,001 - $588,000 9.3
$353,001 - $470,000 17.7
$235,001 - $353,000 27.3
$118,001 - $235,000 28.6
$59,001 - $118,000 2.3
$0 - $59,000 8.1

High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
16.7467479198406 20.4986149584488

Number Of Homes And Apartments:
320

Goochland 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
52.11% 2.46% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,159 / per month

Homeownership Rate

Homeownership
Owners 95.00
Renters 5.00
Vacant 9.86

Housing Market Details

 

Age of Homes

AGE OF Goochland HOMES
2000 or Newer 58.9
1970 - 1999 18.9
1940 - 1969 22.3
1939 or Older 0.0

Types of Homes

TYPE OF Goochland HOMES
Single-Family 87.3
Townhomes 0.8
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 11.8
Other 0.0

Home Size

SIZE OF Goochland HOMES
No Bedroom 0.85
1 Bedroom 5.35
2 Bedrooms 6.48
3 Bedrooms 43.94
4 Bedrooms 2.82
5 or more bedrooms 40.56

Popular Neighborhoods in Goochland

Zip Codes in Goochland, VA