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 about Scout's Real Estate Data
With a population of 20,072, 6,773 total housing units (homes and apartments), and a median house value of $699,976, Lorton house prices are not only among the most expensive in Virginia, Lorton real estate also is some of the most expensive in all of America.
Row houses and other attached homes are the single most common housing type in Lorton, accounting for 37.92% of the town's housing units. Other types of housing that are prevalent in Lorton include single-family detached homes ( 34.53%), large apartment complexes or high rise apartments ( 26.63%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.
The most prevalent building size and type in Lorton are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The town has a mixture of owners and renters, with 61.80% owning and 38.20% renting.
Lorton homes and real estate are some of the newest in America. 48.17% of Lorton's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Lorton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 46.95%), and between 1940-1969 ( 4.68%).
Real estate appreciation rates in Lorton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.47% during the period.
Over the last year, Lorton appreciation rates have trailed the rest of the nation. In the last twelve months, Lorton's appreciation rate has been 4.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lorton were at 0.00%, which equates to an annual appreciation rate of 0.00%.
Relative to Virginia, our data show that Lorton's latest annual appreciation rate is lower than 80% 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 Lorton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lorton - 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 Lorton real estate investment or home purchase decisions.
$699,976
for Virginia
for nation
6,773
$2,968 / per month