Pound, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pound Neighborhoods Since 2000




Pound, 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

Pound Housing Market Information

With a population of 966, 372 total housing units (homes and apartments), and a median house value of $105,756, house prices in Pound are solidly below the national average.

Single-family detached homes are the single most common housing type in Pound, accounting for 69.40% of the town's housing units. Other types of housing that are prevalent in Pound include mobile homes or trailers ( 23.73%), large apartment complexes or high rise apartments ( 3.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.88%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pound. Owner-occupied housing accounts for 80.32% of Pound's homes, and 61.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pound 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 Pound built between 1940-1969 ( 40.35%). A lesser amount of the housing stock also hails from before 1939 ( 6.65%). There's also some housing in Pound built between 2000 and later ( 3.10%).

Vacant housing appears to be an issue in Pound. Fully 17.52% of the housing stock is classified as vacant. Left unchecked, vacant Pound homes and apartments can be a drag on the real estate market, holding Pound 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.

Pound Home Appreciation Rates

Pound's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pound during the period has been just -1.14%, which is lower than 70% of US communities.

Over the last year, Pound appreciation rates have trailed the rest of the nation. In the last twelve months, Pound's appreciation rate has been 0.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pound were at -1.60%, which equates to an annual appreciation rate of -6.23%.

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

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

Average Home Values

 

Median Home Value:
$105,756

Pound, VA HOME PRICES

Value Range
> $1,040,000 0.4
$780,001 - $1,040,000 1.0
$520,001 - $780,000 0.9
$416,001 - $520,000 0.5
$312,001 - $416,000 5.0
$208,001 - $312,000 8.0
$104,001 - $208,000 30.8
$52,001 - $104,000 30.6
$0 - $52,000 22.8

Very Low for VA
Low for Nation

Value Relative to Nation Value Relative to State
73.778272588773 83.6565096952909

Number Of Homes And Apartments:
372

Pound 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
45.32% 2.19% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$830 / per month

Homeownership Rate

Homeownership
Owners 80.32
Renters 19.68
Vacant 17.52

Housing Market Details

 

Age of Homes

AGE OF Pound HOMES
2000 or Newer 3.1
1970 - 1999 49.9
1940 - 1969 40.4
1939 or Older 6.7

Types of Homes

TYPE OF Pound HOMES
Single-Family 69.4
Townhomes 0.0
Small Apt. Buildings 2.9
Apt. Complexes 4.0
Mobile Homes 23.7
Other 0.0

Home Size

SIZE OF Pound HOMES
No Bedroom 1.55
1 Bedroom 4.43
2 Bedrooms 32.15
3 Bedrooms 52.77
4 Bedrooms 9.09
5 or more bedrooms 0.00

Popular Neighborhoods in Pound

Zip Codes in Pound, VA