Pulaski, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pulaski Neighborhoods Since 2000




Pulaski, VA Real Estate Data


Pulaski Housing Market Information

With 8,890 people, 4,028 houses or apartments, and a median cost of homes of $120,090, house prices in Pulaski are solidly below the national average.

Single-family detached homes are the single most common housing type in Pulaski, accounting for 67.92% of the town's housing units. Other types of housing that are prevalent in Pulaski include large apartment complexes or high rise apartments ( 14.14%), duplexes, homes converted to apartments or other small apartment buildings ( 8.68%), and a few mobile homes or trailers ( 7.14%).

The most prevalent building size and type in Pulaski are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.32% owning and 41.68% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Pulaski's housing was primarily built during this period, from the '40s through the '60s. A full 43.48% of the town's housing hails from this era. Other housing ages represented in Pulaski include homes built between 1970-1999 ( 31.30%) and housing constructed before 1939 ( 20.23%). There's also some housing in Pulaski built between 2000 and later ( 5.00%).

Vacant housing appears to be an issue in Pulaski. Fully 17.12% of the housing stock is classified as vacant. Left unchecked, vacant Pulaski homes and apartments can be a drag on the real estate market, holding Pulaski 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.

Pulaski Home Appreciation Rates

Pulaski's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pulaski during the period has been just -0.90%, which is lower than 70% of US communities.

Appreciation rates are so strong in Pulaski that despite a nationwide downturn in the housing market, Pulaski real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pulaski appreciation rates continue to be some of the highest in America, at 8.45%, which is higher than appreciation rates in 93.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pulaski. Pulaski appreciation rates in the latest quarter were at -0.78%, which equates to an annual appreciation rate of -3.07%.

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

Relative to Virginia, our data show that Pulaski's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$120,090

Pulaski, VA HOME PRICES

Value Range
> $1,021,000 0.2
$766,001 - $1,021,000 0.0
$510,001 - $766,000 1.2
$408,001 - $510,000 1.6
$306,001 - $408,000 4.8
$204,001 - $306,000 8.5
$102,001 - $204,000 39.6
$51,001 - $102,000 33.5
$0 - $51,000 10.6

Low for VA
Low for Nation

Value Relative to Nation Value Relative to State
66.2821338642619 75.9002770083103

Number Of Homes And Apartments:
4,028

Rent & Ownership

 

Average Market Rent:
$725 / per month

Homeownership Rate

Homeownership
Owners 58.32
Renters 41.68
Vacant 17.12

Housing Market Details

 

Age of Homes

AGE OF Pulaski HOMES
2000 or Newer 5.0
1970 - 1999 31.3
1940 - 1969 43.5
1939 or Older 20.2

Types of Homes

TYPE OF Pulaski HOMES
Single-Family 67.9
Townhomes 2.1
Small Apt. Buildings 8.7
Apt. Complexes 14.1
Mobile Homes 7.1
Other 0.0

Home Size

SIZE OF Pulaski HOMES
No Bedroom 0.74
1 Bedroom 9.98
2 Bedrooms 33.79
3 Bedrooms 42.14
4 Bedrooms 9.63
5 or more bedrooms 3.72

Pulaski Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
21.85% 1.17% 1 2
* 10 is highest