Lorton, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lorton Neighborhoods Since 2000




Lorton, 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

Lorton Housing Market Information

With a population of 19,568, 6,450 total housing units (homes and apartments), and a median house value of $459,740, 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 38.19% of the town's housing units. Other types of housing that are prevalent in Lorton include single-family detached homes ( 31.50%), large apartment complexes or high rise apartments ( 27.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.36%). 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 54.84% owning and 45.16% renting.

There is a lot of housing in Lorton 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 Lorton built between 2000 and later ( 37.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.14%). There's also some housing in Lorton built before 1939 ( 2.54%).

Lorton Home Appreciation Rates

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 -0.46% during the period.

Appreciation rates are so strong in Lorton that despite a nationwide downturn in the housing market, Lorton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lorton appreciation rates continue to be some of the highest in America, at 6.36%, which is higher than appreciation rates in 76.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lorton. Lorton appreciation rates in the latest quarter were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Lorton's latest annual appreciation rate is higher than 90% 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.

Average Home Values

 

Median Home Value:
$459,740

Lorton, VA HOME PRICES

Value Range
> $1,166,000 0.0
$874,001 - $1,166,000 1.7
$583,001 - $874,000 25.8
$466,001 - $583,000 17.5
$350,001 - $466,000 20.9
$233,001 - $350,000 23.0
$116,001 - $233,000 7.1
$58,001 - $116,000 2.7
$0 - $58,000 1.4

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
7.1018399156217 8.58725761772853

Number Of Homes And Apartments:
6,450

Lorton 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
116.40% 4.58% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,278 / per month

Homeownership Rate

Homeownership
Owners 54.84
Renters 45.16
Vacant 4.37

Housing Market Details

 

Age of Homes

AGE OF Lorton HOMES
2000 or Newer 37.6
1970 - 1999 49.7
1940 - 1969 10.1
1939 or Older 2.5

Types of Homes

TYPE OF Lorton HOMES
Single-Family 31.5
Townhomes 38.2
Small Apt. Buildings 1.4
Apt. Complexes 28.0
Mobile Homes 0.2
Other 0.8

Home Size

SIZE OF Lorton HOMES
No Bedroom 0.37
1 Bedroom 7.86
2 Bedrooms 28.14
3 Bedrooms 33.19
4 Bedrooms 23.85
5 or more bedrooms 6.58