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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$264,666

Number Of Homes And Apartments:
3,062,783

Virginia Home Prices

Value Range
> $1,109,000 2.1
$832,001 - $1,109,000 3.3
$554,001 - $832,000 10.1
$444,001 - $554,000 8.3
$333,001 - $444,000 13.9
$222,001 - $333,000 22.1
$111,001 - $222,000 26.6
$55,001 - $111,000 8.0
$0 - $55,000 5.5

Virginia Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q1 - 2017 Q2
2.76% 11.52% 6
Last 12 Months:
2016 Q2 - 2017 Q2
3.91% 3.91% 4
Last 2 Years:
2015 Q2 - 2017 Q2
7.01% 3.45% 3
Last 5 Years:
2012 Q2 - 2017 Q2
15.85% 2.99% 4
Last 10 Years:
2007 Q2 - 2017 Q2
-4.11% -0.42% 3
Since 2000:
2000 Q1 - 2017 Q2
95.52% 3.96% 8
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,484 / per month

Homeownership Rate

Homeownership
Owners 64.24
Renters 35.76
Vacant 10.53

Housing Details

Age of Homes

AGE OF Virginia HOMES
2000 or Newer 17.9
1970 - 1999 49.3
1940 - 1969 25.1
1939 or Older 7.7

Types of Homes

TYPE OF Virginia HOMES
Single-Family 61.8
Townhomes 11.0
Small Apt. Buildings 4.5
Apt. Complexes 17.5
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Virginia HOMES
No Bedroom 1.49
1 Bedroom 8.33
2 Bedrooms 23.75
3 Bedrooms 39.78
4 Bedrooms 20.28
5 or more bedrooms 6.36