Purcellville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Purcellville Neighborhoods Since 2000




Purcellville, 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

Purcellville Housing Market Information

With 9,232 people, 2,566 houses or apartments, and a median cost of homes of $462,126, Purcellville house prices are not only among the most expensive in Virginia, Purcellville real estate also is some of the most expensive in all of America.

Purcellville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Purcellville than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Purcellville. Owner-occupied housing accounts for 75.38% of Purcellville's homes, and 69.38% have either three or four bedrooms, which is average sized relative to America.

Purcellville homes and real estate are some of the newest in America. 49.52% of Purcellville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Purcellville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.63%), and between 1940-1969 ( 11.34%). There's also some housing in Purcellville built before 1939 ( 5.51%).

Purcellville Home Appreciation Rates

Purcellville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Purcellville during the period has been just -1.48%, which is lower than 80% of US communities.

Over the last year, Purcellville appreciation rates have trailed the rest of the nation. In the last twelve months, Purcellville's appreciation rate has been 1.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Purcellville were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Purcellville's latest annual appreciation rate is higher than 50% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$462,126

Purcellville, VA HOME PRICES

Value Range
> $1,102,000 0.9
$826,001 - $1,102,000 2.9
$551,001 - $826,000 19.9
$441,001 - $551,000 32.9
$330,001 - $441,000 28.1
$220,001 - $330,000 10.5
$110,001 - $220,000 3.7
$55,001 - $110,000 0.1
$0 - $55,000 0.9

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
7.00808625336927 7.75623268698061

Number Of Homes And Apartments:
2,566

Purcellville 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
56.31% 2.62% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,615 / per month

Homeownership Rate

Homeownership
Owners 75.38
Renters 24.62
Vacant 1.04

Housing Market Details

 

Age of Homes

AGE OF Purcellville HOMES
2000 or Newer 49.5
1970 - 1999 33.6
1940 - 1969 11.3
1939 or Older 5.5

Types of Homes

TYPE OF Purcellville HOMES
Single-Family 66.6
Townhomes 20.6
Small Apt. Buildings 2.5
Apt. Complexes 8.7
Mobile Homes 0.8
Other 0.8

Home Size

SIZE OF Purcellville HOMES
No Bedroom 0.00
1 Bedroom 1.43
2 Bedrooms 10.99
3 Bedrooms 26.26
4 Bedrooms 43.12
5 or more bedrooms 18.20