King George, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating King George Neighborhoods Since 2000




King George, 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

King George Housing Market Information

With a population of 4,795, 1,737 total housing units (homes and apartments), and a median house value of $302,842, King George real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in King George, accounting for 74.22% of the town's housing units. Other types of housing that are prevalent in King George include mobile homes or trailers ( 13.13%), row houses and other attached homes ( 7.28%), and a few large apartment complexes or high rise apartments ( 3.51%).

The most prevalent building size and type in King George are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.11% owning and 36.89% renting.

There is a lot of housing in King George 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 King George built between 2000 and later ( 28.12%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.59%). There's also some housing in King George built before 1939 ( 3.40%).

King George Home Appreciation Rates

Homes have actually lost value in King George over the last then years, as home values have seen a decline of 20.51% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows King George home appreciation rates at -1.60%, which equates to an annual appreciation rate of -6.23%.

Over the last year, King George appreciation rates have trailed the rest of the nation. In the last twelve months, King George's appreciation rate has been 1.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in King George were at -1.60%, which equates to an annual appreciation rate of -6.23%.

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

Relative to Virginia, our data show that King George's latest annual appreciation rate is lower than 50% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within King George differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in King George - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best King George real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$302,842

King George, VA HOME PRICES

Value Range
> $1,095,000 0.5
$822,001 - $1,095,000 2.7
$548,001 - $822,000 6.7
$438,001 - $548,000 8.3
$329,001 - $438,000 24.6
$219,001 - $329,000 32.3
$110,001 - $219,000 15.0
$55,001 - $110,000 2.2
$0 - $55,000 7.7

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
16.0846126801828 19.3905817174515

Number Of Homes And Apartments:
1,737

King George 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
58.79% 2.72% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,422 / per month

Homeownership Rate

Homeownership
Owners 63.11
Renters 36.89
Vacant 7.66

Housing Market Details

 

Age of Homes

AGE OF King George HOMES
2000 or Newer 28.1
1970 - 1999 56.9
1940 - 1969 11.6
1939 or Older 3.4

Types of Homes

TYPE OF King George HOMES
Single-Family 74.2
Townhomes 7.3
Small Apt. Buildings 1.9
Apt. Complexes 3.5
Mobile Homes 13.1
Other 0.0

Home Size

SIZE OF King George HOMES
No Bedroom 0.00
1 Bedroom 1.33
2 Bedrooms 17.22
3 Bedrooms 63.26
4 Bedrooms 14.89
5 or more bedrooms 3.30