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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.



Purcellville, 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

Purcellville, VA Housing Market Trends

With 8,974 people, 2,734 houses or apartments, and a median cost of homes of $692,290, 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 84.50% of Purcellville's homes, and 64.35% 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. 43.88% 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 ( 35.40%), and before 1939 ( 10.65%). There's also some housing in Purcellville built between 1940-1969 ( 10.07%).

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 5.00%, which is lower than 70% 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 4.68%, 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 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

Median Home Value

$692,290

Purcellville, VA Home Prices
> $1,260,000
$945,001 - $1,260,000
$630,001 - $945,000
$504,001 - $630,000
$378,001 - $504,000
$252,001 - $378,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
5.7%
5.7%
13.0%
13.0%
51.8%
51.8%
16.4%
16.4%
7.7%
7.7%
2.5%
2.5%
2.0%
2.0%
0.0%
0.0%
0.9%
0.9%
0% 100.0%
% of Homes
Very High

for Virginia

Very High

for nation

Number of Homes And Apartments:

2,734

Purcellville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,963 / per month

Homeownership Rate

Owners
Renters
84.5%
84.5%
15.5%
15.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.7%
1.7%
98.3%
98.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
43.9%
43.9%
35.4%
35.4%
10.1%
10.1%
10.6%
10.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.7%
71.7%
21.3%
21.3%
0.8%
0.8%
6.1%
6.1%
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
0.2%
0.2%
1.4%
1.4%
9.1%
9.1%
28.0%
28.0%
36.4%
36.4%
24.9%
24.9%
0% 100.0%
% of Homes