Virginia
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA






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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$291,233

Number Of Homes And Apartments:
3,134,965

Virginia Home Prices

> $1,154,386
2.5%
2.5%
$865,890 - $1,154,386
4.0%
4.0%
$577,346 - $865,889
11.3%
11.3%
$461,807 - $577,345
9.1%
9.1%
$346,391 - $461,806
14.2%
14.2%
$231,001 - $346,390
21.6%
21.6%
$115,479 - $231,000
24.9%
24.9%
$57,745 - $115,478
7.6%
7.6%
$0 - $57,744
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Virginia Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q2 - 2020 Q3
1.56% 6.40%
3
Last 12 Months:
2019 Q3 - 2020 Q3
4.50% 4.50%
5
Last 2 Years:
2018 Q3 - 2020 Q3
9.23% 4.51%
5
Last 5 Years:
2015 Q3 - 2020 Q3
20.20% 3.75%
4
Last 10 Years:
2010 Q3 - 2020 Q3
24.71% 2.23%
3
Since 2000:
2000 Q1 - 2020 Q3
119.83% 3.92%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,606 / per month

Homeownership Rate

Owners
64.3%
64.3%
Renters
35.7%
35.7%
Vacant
10.4%
10.4%
0.0% 100.0%
% OF HOMES

Housing Details

Age of Homes

2000 or Newer
20.2%
20.2%
1970 - 1999
48.2%
48.2%
1940 - 1969
24.1%
24.1%
1939 or Older
7.5%
7.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.7%
61.7%
Townhomes
11.0%
11.0%
Small Apt. Buildings
4.4%
4.4%
Apt. Complexes
17.7%
17.7%
Mobile Homes
5.2%
5.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
8.2%
8.2%
2 Bedrooms
23.2%
23.2%
3 Bedrooms
39.5%
39.5%
4 Bedrooms
20.7%
20.7%
5 or more bedrooms
6.8%
6.8%
0.0% 100.0%
% OF HOMES