Halifax, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Halifax Neighborhoods Since 2000




Halifax, 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

Halifax Housing Market Information

With a population of 1,249, 517 total housing units (homes and apartments), and a median house value of $103,760, house prices in Halifax are solidly below the national average.

Single-family detached homes are the single most common housing type in Halifax, accounting for 83.09% of the town's housing units. Other types of housing that are prevalent in Halifax include large apartment complexes or high rise apartments ( 6.99%), duplexes, homes converted to apartments or other small apartment buildings ( 4.88%), and a few mobile homes or trailers ( 3.74%).

The most prevalent building size and type in Halifax are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 54.45% owning and 45.55% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Halifax's housing was primarily built during this period, from the '40s through the '60s. A full 38.37% of the town's housing hails from this era. Other housing ages represented in Halifax include homes built between 1970-1999 ( 35.61%) and housing constructed before 1939 ( 16.91%). There's also some housing in Halifax built between 2000 and later ( 9.11%).

Vacant housing appears to be an issue in Halifax. Fully 15.93% of the housing stock is classified as vacant. Left unchecked, vacant Halifax homes and apartments can be a drag on the real estate market, holding Halifax 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.

Halifax Home Appreciation Rates

Halifax's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Halifax during the period has been just -0.97%, which is lower than 70% of US communities.

Over the last year, Halifax appreciation rates have trailed the rest of the nation. In the last twelve months, Halifax's appreciation rate has been -1.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Halifax were at -1.60%, which equates to an annual appreciation rate of -6.23%.

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

Relative to Virginia, our data show that Halifax's latest annual appreciation rate is lower than 80% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$103,760

Halifax, VA HOME PRICES

Value Range
> $991,000 0.3
$743,001 - $991,000 0.3
$496,001 - $743,000 1.4
$397,001 - $496,000 0.2
$297,001 - $397,000 8.7
$198,001 - $297,000 8.7
$99,001 - $198,000 34.6
$50,001 - $99,000 27.0
$0 - $50,000 18.8

Very Low for VA
Low for Nation

Value Relative to Nation Value Relative to State
75.1875073245049 85.3185595567867

Number Of Homes And Apartments:
517

Halifax 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
27.45% 1.42% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$627 / per month

Homeownership Rate

Homeownership
Owners 54.45
Renters 45.55
Vacant 15.93

Housing Market Details

 

Age of Homes

AGE OF Halifax HOMES
2000 or Newer 9.1
1970 - 1999 35.6
1940 - 1969 38.4
1939 or Older 16.9

Types of Homes

TYPE OF Halifax HOMES
Single-Family 83.1
Townhomes 1.3
Small Apt. Buildings 4.9
Apt. Complexes 7.0
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Halifax HOMES
No Bedroom 0.00
1 Bedroom 3.41
2 Bedrooms 25.04
3 Bedrooms 48.13
4 Bedrooms 19.35
5 or more bedrooms 4.07

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Zip Codes in Halifax, VA