Pulaski, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pulaski Neighborhoods Since 2000




Pulaski, 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

Pulaski Housing Market Information

With a population of 8,890, 3,888 total housing units (homes and apartments), and a median house value of $124,512, 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 65.13% of the town's housing units. Other types of housing that are prevalent in Pulaski include large apartment complexes or high rise apartments ( 15.25%), duplexes, homes converted to apartments or other small apartment buildings ( 9.31%), and a few mobile homes or trailers ( 7.73%).

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 56.25% owning and 43.75% 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 42.43% of the town's housing hails from this era. Other housing ages represented in Pulaski include homes built between 1970-1999 ( 31.40%) and housing constructed before 1939 ( 20.28%). There's also some housing in Pulaski built between 2000 and later ( 5.90%).

Vacant housing appears to be an issue in Pulaski. Fully 18.13% 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

Real estate appreciation rates in Pulaski's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.18% during the period.

NeighborhoodScout's data show that during the latest twelve months, Pulaski's appreciation rate, at 4.21%, has been at or slightly above the national average. In the latest quarter, Pulaski's appreciation rate has been -1.54%, which annualizes to a rate of -6.02%.

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 70% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$124,512

Pulaski, VA HOME PRICES

Value Range
> $1,087,000 0.5
$815,001 - $1,087,000 0.0
$543,001 - $815,000 1.3
$435,001 - $543,000 2.4
$326,001 - $435,000 3.3
$218,001 - $326,000 11.8
$108,001 - $218,000 37.2
$55,001 - $108,000 31.9
$0 - $55,000 11.7

Low for VA
Low for Nation

Value Relative to Nation Value Relative to State
62.8149537091293 74.792243767313

Number Of Homes And Apartments:
3,888

Pulaski 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
27.78% 1.43% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$670 / per month

Homeownership Rate

Homeownership
Owners 56.25
Renters 43.75
Vacant 18.13

Housing Market Details

 

Age of Homes

AGE OF Pulaski HOMES
2000 or Newer 5.9
1970 - 1999 31.4
1940 - 1969 42.4
1939 or Older 20.3

Types of Homes

TYPE OF Pulaski HOMES
Single-Family 65.1
Townhomes 2.6
Small Apt. Buildings 9.3
Apt. Complexes 15.2
Mobile Homes 7.7
Other 0.0

Home Size

SIZE OF Pulaski HOMES
No Bedroom 0.63
1 Bedroom 11.94
2 Bedrooms 33.75
3 Bedrooms 38.49
4 Bedrooms 11.56
5 or more bedrooms 3.62