Virginia
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Virginia Real Estate Market & Appreciation

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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:
$359,976

Number Of Homes And Apartments:
3,184,121

Virginia Home Prices

> $1,287,246
2.8%
2.8%
$965,508 - $1,287,246
4.9%
4.9%
$643,727 - $965,507
13.0%
13.0%
$514,989 - $643,726
10.3%
10.3%
$386,039 - $514,988
15.2%
15.2%
$257,431 - $386,038
21.6%
21.6%
$128,768 - $257,430
21.8%
21.8%
$64,382 - $128,767
6.3%
6.3%
$0 - $64,381
4.0%
4.0%
0.0% 100.0%
% OF HOMES

Virginia Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q3 - 2021 Q4
2.30% 9.53%
4
Last 12 Months:
2020 Q4 - 2021 Q4
14.23% 14.23%
3
Last 2 Years:
2019 Q4 - 2021 Q4
20.92% 9.96%
3
Last 5 Years:
2016 Q4 - 2021 Q4
34.40% 6.09%
3
Last 10 Years:
2011 Q4 - 2021 Q4
47.75% 3.98%
3
Since 2000:
2000 Q1 - 2021 Q4
153.96% 4.38%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,806 / per month

Homeownership Rate

Owners
64.8%
64.8%
Renters
35.2%
35.2%
Vacant
10.0%
10.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
21.7%
21.7%
1970 - 1999
47.6%
47.6%
1940 - 1969
23.4%
23.4%
1939 or Older
7.3%
7.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.7%
61.7%
Townhomes
11.1%
11.1%
Small Apt. Buildings
4.3%
4.3%
Apt. Complexes
17.9%
17.9%
Mobile Homes
4.9%
4.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
8.3%
8.3%
2 Bedrooms
22.8%
22.8%
3 Bedrooms
39.1%
39.1%
4 Bedrooms
21.1%
21.1%
5 or more bedrooms
7.1%
7.1%
0.0% 100.0%
% OF HOMES