Virginia
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Top Ten Highest Appreciating VA Cities Since 2000




Virginia Real Estate Values & Housing Market 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 Q3 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

Average Home Values

Median Home Value:
$267,184

Number Of Homes And Apartments:
3,073,310

Virginia Home Prices

Value Range
> $1,118,000 2.1
$838,001 - $1,118,000 3.3
$559,001 - $838,000 10.1
$447,001 - $559,000 8.3
$335,001 - $447,000 13.9
$224,001 - $335,000 22.1
$112,001 - $224,000 26.6
$56,001 - $112,000 8.0
$0 - $56,000 5.5

Virginia Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q2 - 2017 Q3
0.32% 1.27% 1
Last 12 Months:
2016 Q3 - 2017 Q3
3.52% 3.52% 3
Last 2 Years:
2015 Q3 - 2017 Q3
7.07% 3.47% 3
Last 5 Years:
2012 Q3 - 2017 Q3
14.86% 2.81% 3
Last 10 Years:
2007 Q3 - 2017 Q3
-2.58% -0.26% 3
Since 2000:
2000 Q1 - 2017 Q3
96.26% 3.93% 8
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,495 / per month

Homeownership Rate

Homeownership
Owners 64.24
Renters 35.76
Vacant 10.53

Housing Details

Age of Homes

AGE OF Virginia HOMES
2000 or Newer 17.9
1970 - 1999 49.3
1940 - 1969 25.1
1939 or Older 7.7

Types of Homes

TYPE OF Virginia HOMES
Single-Family 61.8
Townhomes 11.0
Small Apt. Buildings 4.5
Apt. Complexes 17.5
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Virginia HOMES
No Bedroom 1.49
1 Bedroom 8.33
2 Bedrooms 23.75
3 Bedrooms 39.78
4 Bedrooms 20.28
5 or more bedrooms 6.36