New Church, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating New Church Neighborhoods Since 2000




New Church, 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

New Church Housing Market Information

With 204 people, 70 houses or apartments, and a median cost of homes of $166,041, New Church real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in New Church, accounting for 82.35% of the town's housing units. Other types of housing that are prevalent in New Church include mobile homes or trailers ( 17.65%).

The most prevalent building size and type in New Church are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 38.15% owning and 61.85% renting.

There is a lot of housing in New Church 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 New Church built between 2000 and later ( 12.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 0.00%).

Vacant housing appears to be an issue in New Church. Fully 41.18% of the housing stock is classified as vacant. Left unchecked, vacant New Church homes and apartments can be a drag on the real estate market, holding New Church 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.

New Church Home Appreciation Rates

Real estate appreciation rates in New Church's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.34% during the period.

Over the last year, New Church appreciation rates have trailed the rest of the nation. In the last twelve months, New Church's appreciation rate has been 1.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Church were at -1.60%, which equates to an annual appreciation rate of -6.23%.

Notably, New Church's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Virginia, our data show that New Church's latest annual appreciation rate is lower than 50% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$166,041

New Church, VA HOME PRICES

Value Range
> $1,057,000 0.0
$793,001 - $1,057,000 0.7
$529,001 - $793,000 1.4
$423,001 - $529,000 0.0
$317,001 - $423,000 6.6
$211,001 - $317,000 17.3
$106,001 - $211,000 42.2
$53,001 - $106,000 18.9
$0 - $53,000 12.8

Average for VA
Average for Nation

Value Relative to Nation Value Relative to State
43.2321575061526 59.8337950138504

Number Of Homes And Apartments:
70

New Church 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
85.82% 3.66% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$922 / per month

Homeownership Rate

Homeownership
Owners 38.15
Renters 61.85
Vacant 41.18

Housing Market Details

 

Age of Homes

AGE OF New Church HOMES
2000 or Newer 12.6
1970 - 1999 87.4
1940 - 1969 0.0
1939 or Older 0.0

Types of Homes

TYPE OF New Church HOMES
Single-Family 82.4
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 17.6
Other 0.0

Home Size

SIZE OF New Church HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 11.76
3 Bedrooms 88.24
4 Bedrooms 0.00
5 or more bedrooms 0.00

Popular Neighborhoods in New Church

Zip Codes in New Church, VA