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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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:
$313,119

Number Of Homes And Apartments:
3,151,045

Virginia Home Prices

> $1,198,124
2.6%
2.6%
$898,605 - $1,198,124
4.3%
4.3%
$599,079 - $898,604
11.8%
11.8%
$479,148 - $599,078
9.5%
9.5%
$359,497 - $479,147
14.5%
14.5%
$239,628 - $359,496
21.6%
21.6%
$119,816 - $239,627
24.2%
24.2%
$59,962 - $119,815
7.3%
7.3%
$0 - $59,961
4.3%
4.3%
0.0% 100.0%
% OF HOMES

Virginia Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q1 - 2021 Q2
4.39% 18.73%
3
Last 12 Months:
2020 Q2 - 2021 Q2
10.25% 10.25%
3
Last 2 Years:
2019 Q2 - 2021 Q2
14.71% 7.10%
3
Last 5 Years:
2016 Q2 - 2021 Q2
27.06% 4.91%
4
Last 10 Years:
2011 Q2 - 2021 Q2
40.09% 3.43%
4
Since 2000:
2000 Q1 - 2021 Q2
137.11% 4.15%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,755 / per month

Homeownership Rate

Owners
64.3%
64.3%
Renters
35.7%
35.7%
Vacant
10.3%
10.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
21.0%
21.0%
1970 - 1999
47.8%
47.8%
1940 - 1969
23.7%
23.7%
1939 or Older
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.6%
61.6%
Townhomes
11.0%
11.0%
Small Apt. Buildings
4.4%
4.4%
Apt. Complexes
17.9%
17.9%
Mobile Homes
5.1%
5.1%
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
23.1%
23.1%
3 Bedrooms
39.2%
39.2%
4 Bedrooms
20.9%
20.9%
5 or more bedrooms
6.9%
6.9%
0.0% 100.0%
% OF HOMES