Gordonsville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gordonsville Neighborhoods Since 2000




Gordonsville, 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

Gordonsville Housing Market Information

With a population of 1,577, 734 total housing units (homes and apartments), and a median house value of $238,880, Gordonsville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Gordonsville, accounting for 67.71% of the town's housing units. Other types of housing that are prevalent in Gordonsville include large apartment complexes or high rise apartments ( 14.03%), duplexes, homes converted to apartments or other small apartment buildings ( 11.73%), and a few row houses and other attached homes ( 3.39%).

The most prevalent building size and type in Gordonsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 44.28% owning and 55.72% renting.

There is a lot of housing in Gordonsville 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 Gordonsville built between 1940-1969 ( 33.01%). A lesser amount of the housing stock also hails from before 1939 ( 19.35%). There's also some housing in Gordonsville built between 2000 and later ( 6.17%).

Vacant housing appears to be an issue in Gordonsville. Fully 11.25% of the housing stock is classified as vacant. Left unchecked, vacant Gordonsville homes and apartments can be a drag on the real estate market, holding Gordonsville 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.

Gordonsville Home Appreciation Rates

Homes have actually lost value in Gordonsville over the last then years, as home values have seen a decline of 20.02% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Gordonsville home appreciation rates at -1.60%, which equates to an annual appreciation rate of -6.23%.

Over the last year, Gordonsville appreciation rates have trailed the rest of the nation. In the last twelve months, Gordonsville's appreciation rate has been -0.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gordonsville were at -1.60%, which equates to an annual appreciation rate of -6.23%.

Notably, Gordonsville's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$238,880

Gordonsville, VA HOME PRICES

Value Range
> $1,045,000 2.9
$784,001 - $1,045,000 1.6
$522,001 - $784,000 4.7
$418,001 - $522,000 4.1
$313,001 - $418,000 18.1
$209,001 - $313,000 23.6
$105,001 - $209,000 38.6
$52,001 - $105,000 3.2
$0 - $52,000 3.3

High for VA
High for Nation

Value Relative to Nation Value Relative to State
24.276338919489 31.8559556786704

Number Of Homes And Apartments:
734

Gordonsville 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
47.54% 2.28% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$985 / per month

Homeownership Rate

Homeownership
Owners 44.28
Renters 55.72
Vacant 11.25

Housing Market Details

 

Age of Homes

AGE OF Gordonsville HOMES
2000 or Newer 6.2
1970 - 1999 41.5
1940 - 1969 33.0
1939 or Older 19.3

Types of Homes

TYPE OF Gordonsville HOMES
Single-Family 67.7
Townhomes 3.4
Small Apt. Buildings 11.7
Apt. Complexes 14.0
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Gordonsville HOMES
No Bedroom 0.48
1 Bedroom 12.09
2 Bedrooms 32.04
3 Bedrooms 46.55
4 Bedrooms 7.86
5 or more bedrooms 0.97

Popular Neighborhoods in Gordonsville

Popular Communities Near Gordonsville, VA

Zip Codes in Gordonsville, VA