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
With 483 people, 184 houses or apartments, and a median cost of homes of $205,970, Mineral real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Mineral, accounting for 91.20% of the town's housing units. Other types of housing that are prevalent in Mineral include mobile homes or trailers ( 8.80%).
The most prevalent building size and type in Mineral are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.96% owning and 38.04% renting.
There is a lot of housing in Mineral 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 Mineral built between 1940-1969 ( 31.02%). A lesser amount of the housing stock also hails from before 1939 ( 19.44%). There's also some housing in Mineral built between 2000 and later ( 11.11%).
Vacant housing appears to be an issue in Mineral. Fully 14.81% of the housing stock is classified as vacant. Left unchecked, vacant Mineral homes and apartments can be a drag on the real estate market, holding Mineral 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.
Homes have actually lost value in Mineral over the last then years, as home values have seen a decline of 21.74% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mineral home appreciation rates at -1.60%, which equates to an annual appreciation rate of -6.23%.
Over the last year, Mineral appreciation rates have trailed the rest of the nation. In the last twelve months, Mineral's appreciation rate has been -1.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mineral were at -1.60%, which equates to an annual appreciation rate of -6.23%.
Notably, Mineral's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Virginia, our data show that Mineral's latest annual appreciation rate is lower than 90% of the other cities and towns in Virginia.
|$775,001 - $1,034,000||5.0|
|$517,001 - $775,000||8.2|
|$414,001 - $517,000||3.1|
|$310,001 - $414,000||8.7|
|$206,001 - $310,000||17.4|
|$104,001 - $206,000||35.7|
|$52,001 - $104,000||5.6|
|$0 - $52,000||11.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Mineral HOMES|
|2000 or Newer||11.1|
|1970 - 1999||38.4|
|1940 - 1969||31.0|
|1939 or Older||19.4|
|TYPE OF Mineral HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Mineral HOMES|
|5 or more bedrooms||8.33|