Virginia
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$275,541

Number Of Homes And Apartments:
3,090,178

Virginia Home Prices

Value Range
> $1,139,975 2.2
$854,976 - $1,139,975 3.5
$569,981 - $854,975 10.4
$455,988 - $569,980 8.5
$341,978 - $455,987 13.8
$227,963 - $341,977 21.7
$114,001 - $227,962 26.4
$57,001 - $114,000 8.0
$0 - $57,000 5.5

Virginia Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q2 - 2018 Q3
0.68% 2.75%
2
Last 12 Months:
2017 Q3 - 2018 Q3
4.28% 4.28%
3
Last 2 Years:
2016 Q3 - 2018 Q3
8.12% 3.98%
4
Last 5 Years:
2013 Q3 - 2018 Q3
17.82% 3.33%
3
Last 10 Years:
2008 Q3 - 2018 Q3
8.12% 0.78%
2
Since 2000:
2000 Q1 - 2018 Q3
104.22% 3.94%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,574 / per month

Homeownership Rate

Homeownership
Owners 63.86
Renters 36.14
Vacant 10.31

Housing Details

Age of Homes

AGE OF Virginia HOMES
2000 or Newer 18.6
1970 - 1999 49.0
1940 - 1969 24.7
1939 or Older 7.6

Types of Homes

TYPE OF Virginia HOMES
Single-Family 61.7
Townhomes 11.1
Small Apt. Buildings 4.5
Apt. Complexes 17.5
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Virginia HOMES
No Bedroom 1.57
1 Bedroom 8.26
2 Bedrooms 23.52
3 Bedrooms 39.74
4 Bedrooms 20.41
5 or more bedrooms 6.50