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Midlothian, VA Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Midlothian, VA Housing Market Trends

With 18,320 people, 6,779 houses or apartments, and a median cost of homes of $448,313, Midlothian real estate prices are well above average cost compared to national prices.

Midlothian is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Midlothian 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 Midlothian. Owner-occupied housing accounts for 77.32% of Midlothian's homes, and 53.67% have either three or four bedrooms, which is average sized relative to America.

Midlothian homes and real estate are some of the newest in America. 50.69% of Midlothian'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 Midlothian real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 47.87%), and between 1940-1969 ( 1.44%).

Midlothian Home Appreciation Rates

Real estate appreciation rates in Midlothian's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.14% during the period.

Over the last year, Midlothian appreciation rates have trailed the rest of the nation. In the last twelve months, Midlothian's appreciation rate has been 12.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Midlothian were at 3.16%, which equates to an annual appreciation rate of 13.25%.

Relative to Virginia, our data show that Midlothian's latest annual appreciation rate is lower than 60% 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 Midlothian differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Midlothian - 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 Midlothian real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$448,313

Midlothian, VA HOME PRICES

> $1,330,000
$998,001 - $1,330,000
$665,001 - $998,000
$532,001 - $665,000
$399,001 - $532,000
$266,001 - $399,000
$133,001 - $266,000
$66,001 - $133,000
$0 - $66,000
0.1%
0.1%
0.5%
0.5%
5.1%
5.1%
18.0%
18.0%
36.2%
36.2%
31.1%
31.1%
7.1%
7.1%
0.9%
0.9%
1.1%
1.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for VA

Value Relative To Nation

Number Of Homes And Apartments:
6,779

Midlothian Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
130.57% 3.78%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,377 / per month

Homeownership Rate

Owners
Renters
Vacant
77.3%
77.3%
22.7%
22.7%
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
50.7%
50.7%
47.9%
47.9%
1.4%
1.4%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.2%
68.2%
6.2%
6.2%
1.7%
1.7%
23.8%
23.8%
0.1%
0.1%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.2%
2.2%
6.2%
6.2%
18.6%
18.6%
22.8%
22.8%
30.9%
30.9%
19.3%
19.3%
0.0% 100.0%
% OF HOMES