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 Q4 2017. 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:
$268,037

Number Of Homes And Apartments:
3,090,178

Virginia Home Prices

Value Range
> $1,103,000 1.6
$828,001 - $1,103,000 3.8
$552,001 - $828,000 10.9
$441,001 - $552,000 8.6
$331,001 - $441,000 14.1
$221,001 - $331,000 21.7
$110,001 - $221,000 25.2
$55,001 - $110,000 7.6
$0 - $55,000 5.6

Virginia Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q3 - 2017 Q4
0.54% 2.17%
4
Last 12 Months:
2016 Q4 - 2017 Q4
3.52% 3.52%
2
Last 2 Years:
2015 Q4 - 2017 Q4
6.94% 3.41%
2
Last 5 Years:
2012 Q4 - 2017 Q4
15.06% 2.84%
3
Last 10 Years:
2007 Q4 - 2017 Q4
-1.74% -0.18%
3
Since 2000:
2000 Q1 - 2017 Q4
97.39% 3.91%
8
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,507 / 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