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
With a population of 1,248, 613 total housing units (homes and apartments), and a median house value of $118,608, house prices in Gretna are solidly below the national average.
Single-family detached homes are the single most common housing type in Gretna, accounting for 71.53% of the town's housing units. Other types of housing that are prevalent in Gretna include large apartment complexes or high rise apartments ( 13.58%), duplexes, homes converted to apartments or other small apartment buildings ( 8.82%), and a few mobile homes or trailers ( 4.77%).
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 52.57% owning and 47.43% 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 ( 39.02%). A lesser amount of the housing stock also hails from before 1939 ( 14.88%). There's also some housing in Gretna built between 2000 and later ( 3.47%).
Vacant housing appears to be an issue in Gretna. Fully 11.42% 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.
In the last 10 years, Gretna has experienced some of the highest home appreciation rates of any community in the nation. Gretna real estate appreciated 16.44% over the last ten years, which is an average annual home appreciation rate of 1.53%, putting Gretna in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gretna definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Gretna that despite a nationwide downturn in the housing market, Gretna real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gretna appreciation rates continue to be some of the highest in America, at 11.57%, which is higher than appreciation rates in 96.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gretna. Gretna appreciation rates in the latest quarter were at -1.60%, which equates to an annual appreciation rate of -6.23%.
Notably, Gretna's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Virginia, our data show that Gretna's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia.
|$860,001 - $1,146,000||0.0|
|$574,001 - $860,000||0.8|
|$459,001 - $574,000||1.1|
|$344,001 - $459,000||1.9|
|$229,001 - $344,000||4.7|
|$115,001 - $229,000||43.1|
|$57,001 - $115,000||36.0|
|$0 - $57,000||10.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Gretna HOMES|
|2000 or Newer||3.5|
|1970 - 1999||42.6|
|1940 - 1969||39.0|
|1939 or Older||14.9|
|TYPE OF Gretna HOMES|
|Small Apt. Buildings||8.8|
|SIZE OF Gretna HOMES|
|5 or more bedrooms||3.47|