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 2020. 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:
$299,994

Number Of Homes And Apartments:
3,151,045

Virginia Home Prices

> $1,142,877
2.6%
2.6%
$857,115 - $1,142,877
4.3%
4.3%
$571,334 - $857,114
11.8%
11.8%
$457,030 - $571,333
9.5%
9.5%
$342,881 - $457,029
14.5%
14.5%
$228,567 - $342,880
21.6%
21.6%
$114,301 - $228,566
24.2%
24.2%
$57,137 - $114,300
7.3%
7.3%
$0 - $57,136
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:
2020 Q3 - 2020 Q4
1.68% 6.91%
3
Last 12 Months:
2019 Q4 - 2020 Q4
5.67% 5.67%
5
Last 2 Years:
2018 Q4 - 2020 Q4
10.84% 5.28%
5
Last 5 Years:
2015 Q4 - 2020 Q4
21.32% 3.94%
4
Last 10 Years:
2010 Q4 - 2020 Q4
27.24% 2.44%
3
Since 2000:
2000 Q1 - 2020 Q4
123.12% 3.94%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,640 / 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