Nokesville VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Nokesville, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Nokesville Housing Market Information

With 1,504 people, 483 houses or apartments, and a median cost of homes of $557,547, Nokesville house prices are not only among the most expensive in Virginia, Nokesville 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 Nokesville, accounting for 96.19% of the town's housing units. Other types of housing that are prevalent in Nokesville include row houses and other attached homes ( 3.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nokesville. Owner-occupied housing accounts for 89.44% of Nokesville's homes, and 74.05% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Nokesville 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 Nokesville built between 1940-1969 ( 26.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.78%). There's also some housing in Nokesville built before 1939 ( 18.15%).

Vacant housing appears to be an issue in Nokesville. Fully 12.34% of the housing stock is classified as vacant. Left unchecked, vacant Nokesville homes and apartments can be a drag on the real estate market, holding Nokesville 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.

Nokesville Home Appreciation Rates

Appreciation rates for homes in Nokesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 40.62%, which ranks in the top 30% nationwide. This equates to an annual average Nokesville house appreciation rate of 3.47%.

NeighborhoodScout's data show that during the latest twelve months, Nokesville's appreciation rate, at 5.20%, has been at or slightly above the national average. In the latest quarter, Nokesville's appreciation rate has been 0.77%, which annualizes to a rate of 3.11%.

Relative to Virginia, our data show that Nokesville's latest annual appreciation rate is higher than 60% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$557,547

Nokesville, VA HOME PRICES

Value Range
> $1,149,000 4.1
$862,001 - $1,149,000 12.9
$575,001 - $862,000 31.0
$460,001 - $575,000 17.9
$345,001 - $460,000 20.2
$230,001 - $345,000 10.3
$115,001 - $230,000 1.9
$58,001 - $115,000 0.3
$0 - $58,000 1.4

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
6.03211678832117 5.50964187327824

Number Of Homes And Apartments:
483

Nokesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
101.03% 3.51%
9
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,856 / per month

Homeownership Rate

Homeownership
Owners 89.44
Renters 10.56
Vacant 12.34

Housing Market Details

 

Age of Homes

AGE OF Nokesville HOMES
2000 or Newer 19.8
1970 - 1999 35.8
1940 - 1969 26.3
1939 or Older 18.1

Types of Homes

TYPE OF Nokesville HOMES
Single-Family 96.2
Townhomes 3.1
Small Apt. Buildings 0.0
Apt. Complexes 0.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Nokesville HOMES
No Bedroom 0.00
1 Bedroom 5.44
2 Bedrooms 8.35
3 Bedrooms 50.45
4 Bedrooms 23.59
5 or more bedrooms 12.16

Popular Neighborhoods in Nokesville

Zip Codes in Nokesville, VA