Lovettsville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lovettsville Neighborhoods Since 2000




Lovettsville, 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

Lovettsville Housing Market Information

With 1,934 people, 634 houses or apartments, and a median cost of homes of $470,321, Lovettsville house prices are not only among the most expensive in Virginia, Lovettsville real estate also is some of the most expensive in all of America.

Lovettsville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Lovettsville than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lovettsville. Owner-occupied housing accounts for 79.18% of Lovettsville's homes, and 74.86% have either three or four bedrooms, which is average sized relative to America.

Lovettsville homes and real estate are some of the newest in America. 48.42% of Lovettsville'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 Lovettsville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.29%), and between 1940-1969 ( 14.51%). There's also some housing in Lovettsville built before 1939 ( 10.78%).

Lovettsville Home Appreciation Rates

Homes have actually lost value in Lovettsville over the last then years, as home values have seen a decline of 20.99% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lovettsville home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Over the last year, Lovettsville appreciation rates have trailed the rest of the nation. In the last twelve months, Lovettsville's appreciation rate has been -0.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lovettsville were at -0.17%, which equates to an annual appreciation rate of -0.70%.

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

Average Home Values

 

Median Home Value:
$470,321

Lovettsville, VA HOME PRICES

Value Range
> $1,079,000 2.1
$810,001 - $1,079,000 4.5
$540,001 - $810,000 29.9
$432,001 - $540,000 21.4
$324,001 - $432,000 25.4
$216,001 - $324,000 8.1
$108,001 - $216,000 5.9
$54,001 - $108,000 2.0
$0 - $54,000 0.7

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
6.75612328606586 6.64819944598338

Number Of Homes And Apartments:
634

Lovettsville 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
40.81% 2.00% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,210 / per month

Homeownership Rate

Homeownership
Owners 79.18
Renters 20.82
Vacant 8.91

Housing Market Details

 

Age of Homes

AGE OF Lovettsville HOMES
2000 or Newer 48.4
1970 - 1999 26.3
1940 - 1969 14.5
1939 or Older 10.8

Types of Homes

TYPE OF Lovettsville HOMES
Single-Family 85.9
Townhomes 9.3
Small Apt. Buildings 0.0
Apt. Complexes 4.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lovettsville HOMES
No Bedroom 0.00
1 Bedroom 2.16
2 Bedrooms 14.94
3 Bedrooms 30.75
4 Bedrooms 44.11
5 or more bedrooms 8.05

Popular Neighborhoods in Lovettsville

Zip Codes in Lovettsville, VA