Quantico, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Quantico, 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

Quantico Housing Market Information

With 537 people, 258 houses or apartments, and a median cost of homes of $209,515, Quantico real estate prices are well above average cost compared to national prices.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Quantico, accounting for 41.42% of the town's housing units. Other types of housing that are prevalent in Quantico include single-family detached homes ( 27.81%), large apartment complexes or high rise apartments ( 26.63%), and a few row houses and other attached homes ( 2.96%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

Quantico is dominated by renter-occupied one, two, or no bedrooms apartments. 89.53% of Quantico's dwellings are rentals.

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. Quantico's housing was primarily built during this period, from the '40s through the '60s. A full 39.05% of the town's housing hails from this era. Other housing ages represented in Quantico include homes built between 1970-1999 ( 34.62%) and housing constructed before 1939 ( 25.74%).

Vacant housing appears to be an issue in Quantico. Fully 23.67% of the housing stock is classified as vacant. Left unchecked, vacant Quantico homes and apartments can be a drag on the real estate market, holding Quantico 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.

Quantico Home Appreciation Rates

Quantico's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Quantico during the period has been just -1.90%, which is lower than 80% of US communities.

Over the last year, Quantico appreciation rates have trailed the rest of the nation. In the last twelve months, Quantico's appreciation rate has been 1.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Quantico were at -0.17%, which equates to an annual appreciation rate of -0.70%.

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

Average Home Values

 

Median Home Value:
$209,515

Quantico 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
132.89% 5.02% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,196 / per month

Homeownership Rate

Homeownership
Owners 10.47
Renters 89.53
Vacant 23.67

Housing Market Details

 

Age of Homes

AGE OF Quantico HOMES
2000 or Newer 0.6
1970 - 1999 34.6
1940 - 1969 39.1
1939 or Older 25.7

Types of Homes

TYPE OF Quantico HOMES
Single-Family 27.8
Townhomes 3.0
Small Apt. Buildings 41.4
Apt. Complexes 26.6
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Quantico HOMES
No Bedroom 13.61
1 Bedroom 36.98
2 Bedrooms 34.62
3 Bedrooms 9.17
4 Bedrooms 5.03
5 or more bedrooms 0.59