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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,284 people, 677 houses or apartments, and a median cost of homes of $141,769, house prices in Gretna are some of the most affordable in Virginia as well as the nation.
Single-family detached homes are the single most common housing type in Gretna, accounting for 66.27% of the town's housing units. Other types of housing that are prevalent in Gretna include large apartment complexes or high rise apartments ( 18.92%), duplexes, homes converted to apartments or other small apartment buildings ( 10.05%), and a few mobile homes or trailers ( 4.10%).
The most prevalent building size and type in Gretna are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 43.10% owning and 56.90% renting.
There is a lot of housing in Gretna 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 Gretna built between 1940-1969 ( 39.81%). A lesser amount of the housing stock also hails from before 1939 ( 13.10%). There's also some housing in Gretna built between 2000 and later ( 3.97%).
Vacant housing appears to be an issue in Gretna. Fully 10.45% of the housing stock is classified as vacant. Left unchecked, vacant Gretna homes and apartments can be a drag on the real estate market, holding Gretna 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Gretna, where house values have increased just 34.49%, which is annualized rate of 3.01%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Gretna's appreciation rate, at 12.97%, has been at or slightly above the national average. In the latest quarter, Gretna's appreciation rate has been 3.42%, which annualizes to a rate of 14.39%.
Relative to Virginia, our data show that Gretna's latest annual appreciation rate is lower than 70% of the other cities and towns in Virginia.
Very Low for Nation
Very Low for VA