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 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.
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.
|$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|
|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 New Church HOMES|
|2000 or Newer||12.6|
|1970 - 1999||87.4|
|1940 - 1969||0.0|
|1939 or Older||0.0|
|TYPE OF New Church HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF New Church HOMES|
|5 or more bedrooms||0.00|