Keswick, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Keswick, 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

Keswick Housing Market Information

With 8,165 people, 1,624 houses or apartments, and a median cost of homes of $421,489, Keswick house prices are not only among the most expensive in Virginia, Keswick real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Keswick, accounting for 92.85% of the town's housing units. Other types of housing that are prevalent in Keswick include mobile homes or trailers ( 3.12%), row houses and other attached homes ( 2.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Keswick. Owner-occupied housing accounts for 80.77% of Keswick's homes, and 64.40% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Keswick 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 Keswick built between 2000 and later ( 18.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.79%). There's also some housing in Keswick built before 1939 ( 9.59%).

Vacant housing appears to be an issue in Keswick. Fully 10.61% of the housing stock is classified as vacant. Left unchecked, vacant Keswick homes and apartments can be a drag on the real estate market, holding Keswick 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.

Keswick Home Appreciation Rates

Real estate appreciation rates in Keswick's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.61% during the period.

Over the last year, Keswick appreciation rates have trailed the rest of the nation. In the last twelve months, Keswick's appreciation rate has been 2.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Keswick were at -0.32%, which equates to an annual appreciation rate of -1.27%.

Relative to Virginia, our data show that Keswick's latest annual appreciation rate is higher than 60% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$421,489

Keswick, VA HOME PRICES

Value Range
> $1,083,000 7.2
$813,001 - $1,083,000 11.4
$542,001 - $813,000 27.8
$433,001 - $542,000 8.8
$325,001 - $433,000 11.4
$217,001 - $325,000 17.2
$108,001 - $217,000 9.1
$54,001 - $108,000 2.9
$0 - $54,000 4.1

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
8.46712762217274 10.2493074792244

Number Of Homes And Apartments:
1,624

Keswick 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
60.49% 2.78% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,328 / per month

Homeownership Rate

Homeownership
Owners 80.77
Renters 19.23
Vacant 10.61

Housing Market Details

 

Age of Homes

AGE OF Keswick HOMES
2000 or Newer 18.3
1970 - 1999 59.3
1940 - 1969 12.8
1939 or Older 9.6

Types of Homes

TYPE OF Keswick HOMES
Single-Family 92.8
Townhomes 2.1
Small Apt. Buildings 1.6
Apt. Complexes 0.4
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Keswick HOMES
No Bedroom 0.16
1 Bedroom 3.49
2 Bedrooms 20.95
3 Bedrooms 40.33
4 Bedrooms 24.07
5 or more bedrooms 10.99

Popular Neighborhoods in Keswick

Zip Codes in Keswick, VA