Gretna, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Gretna Neighborhoods Since 2000




Gretna, 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

Gretna Housing Market Information

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.

Gretna Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$118,608

Gretna, VA HOME PRICES

Value Range
> $1,146,000 1.4
$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

Low for VA
Low for Nation

Value Relative to Nation Value Relative to State
66.2955584202508 77.8393351800554

Number Of Homes And Apartments:
613

Gretna 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
62.16% 2.84% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$574 / per month

Homeownership Rate

Homeownership
Owners 52.57
Renters 47.43
Vacant 11.42

Housing Market Details

 

Age of Homes

AGE OF Gretna HOMES
2000 or Newer 3.5
1970 - 1999 42.6
1940 - 1969 39.0
1939 or Older 14.9

Types of Homes

TYPE OF Gretna HOMES
Single-Family 71.5
Townhomes 1.3
Small Apt. Buildings 8.8
Apt. Complexes 13.6
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Gretna HOMES
No Bedroom 0.00
1 Bedroom 11.85
2 Bedrooms 34.39
3 Bedrooms 40.32
4 Bedrooms 9.97
5 or more bedrooms 3.47

Popular Neighborhoods in Gretna

Zip Codes in Gretna, VA