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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Powhatan, VA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Powhatan, VA Housing Market Trends

With 402 people, 246 houses or apartments, and a median cost of homes of $508,807, Powhatan real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Powhatan, accounting for 84.33% of the town's housing units. Other types of housing that are prevalent in Powhatan include row houses and other attached homes ( 11.19%), duplexes, homes converted to apartments or other small apartment buildings ( 4.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Powhatan. Owner-occupied housing accounts for 68.29% of Powhatan's homes, and 67.91% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Powhatan 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 Powhatan built between 2000 and later ( 36.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.90%). There's also some housing in Powhatan built before 1939 ( 4.48%).

Powhatan Home Appreciation Rates

Real estate appreciation rates in Powhatan's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.98% during the period.

Appreciation rates are so strong in Powhatan that despite a nationwide downturn in the housing market, Powhatan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Powhatan appreciation rates continue to be some of the highest in America, at 7.76%, which is higher than appreciation rates in 83.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Powhatan. Powhatan appreciation rates in the latest quarter were at 1.23%, which equates to an annual appreciation rate of 5.03%.

Relative to Virginia, our data show that Powhatan's latest annual appreciation rate is higher than 80% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Powhatan differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Powhatan - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Powhatan real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$508,807

Powhatan, VA Home Prices
> $1,328,000
$996,001 - $1,328,000
$664,001 - $996,000
$531,001 - $664,000
$398,001 - $531,000
$266,001 - $398,000
$133,001 - $266,000
$67,001 - $133,000
$0 - $67,000
0.0%
0.0%
3.4%
3.4%
17.6%
17.6%
20.7%
20.7%
27.9%
27.9%
19.1%
19.1%
9.1%
9.1%
0.0%
0.0%
2.2%
2.2%
0% 100.0%
% of Homes
Very High

for Virginia

Very High

for nation

Number of Homes And Apartments:

246

Powhatan Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,058 / per month

Homeownership Rate

Owners
Renters
68.3%
68.3%
31.7%
31.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.2%
8.2%
91.8%
91.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
36.6%
36.6%
38.1%
38.1%
20.9%
20.9%
4.5%
4.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
84.3%
84.3%
11.2%
11.2%
4.5%
4.5%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
8.2%
8.2%
23.9%
23.9%
39.6%
39.6%
28.4%
28.4%
0.0%
0.0%
0% 100.0%
% of Homes