Lovettsville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lovettsville, VA Real Estate Data


Lovettsville Housing Market Information

With 1,934 people, 574 houses or apartments, and a median cost of homes of $510,179, 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.

Single-family detached homes are the single most common housing type in Lovettsville, accounting for 83.51% of the town's housing units. Other types of housing that are prevalent in Lovettsville include row houses and other attached homes ( 10.99%), large apartment complexes or high rise apartments ( 5.50%).

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 79.97% of Lovettsville's homes, and 75.88% 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. 45.50% 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 ( 28.24%), and before 1939 ( 13.59%). There's also some housing in Lovettsville built between 1940-1969 ( 12.67%).

Vacant housing appears to be an issue in Lovettsville. Fully 12.37% of the housing stock is classified as vacant. Left unchecked, vacant Lovettsville homes and apartments can be a drag on the real estate market, holding Lovettsville 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.

Lovettsville Home Appreciation Rates

Homes have actually lost value in Lovettsville over the last then years, as home values have seen a decline of 19.64% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lovettsville home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

NeighborhoodScout's data show that during the latest twelve months, Lovettsville's appreciation rate, at 5.47%, has been at or slightly above the national average. In the latest quarter, Lovettsville's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

Relative to Virginia, our data show that Lovettsville's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$510,179

Lovettsville, VA HOME PRICES

Value Range
> $1,157,000 1.9
$868,001 - $1,157,000 4.6
$579,001 - $868,000 29.0
$463,001 - $579,000 23.0
$347,001 - $463,000 23.2
$232,001 - $347,000 10.0
$116,001 - $232,000 5.4
$58,001 - $116,000 2.2
$0 - $58,000 0.7

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
5.91438777302805 6.64819944598338

Number Of Homes And Apartments:
574

Rent & Ownership

 

Average Market Rent:
$1,644 / per month

Homeownership Rate

Homeownership
Owners 79.97
Renters 20.03
Vacant 12.37

Housing Market Details

 

Age of Homes

AGE OF Lovettsville HOMES
2000 or Newer 45.5
1970 - 1999 28.2
1940 - 1969 12.7
1939 or Older 13.6

Types of Homes

TYPE OF Lovettsville HOMES
Single-Family 83.5
Townhomes 11.0
Small Apt. Buildings 0.0
Apt. Complexes 5.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lovettsville HOMES
No Bedroom 0.00
1 Bedroom 1.98
2 Bedrooms 15.73
3 Bedrooms 34.05
4 Bedrooms 41.83
5 or more bedrooms 6.41

Lovettsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
48.34% 2.35% 4 6
* 10 is highest

Popular Neighborhoods in Lovettsville

Zip Codes in Lovettsville, VA