Virginia
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 2018. 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:
$272,623

Number Of Homes And Apartments:
3,090,178

Virginia Home Prices

Value Range
> $1,124,477 2.2
$843,374 - $1,124,477 3.5
$562,237 - $843,373 10.4
$449,701 - $562,236 8.5
$337,421 - $449,700 13.8
$224,801 - $337,420 21.7
$112,391 - $224,800 26.4
$56,143 - $112,390 8.0
$0 - $56,142 5.5

Virginia Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q1 - 2018 Q2
1.84% 7.59%
4
Last 12 Months:
2017 Q2 - 2018 Q2
3.87% 3.87%
2
Last 2 Years:
2016 Q2 - 2018 Q2
8.10% 3.97%
3
Last 5 Years:
2013 Q2 - 2018 Q2
17.09% 3.21%
3
Last 10 Years:
2008 Q2 - 2018 Q2
4.38% 0.43%
2
Since 2000:
2000 Q1 - 2018 Q2
102.73% 3.95%
8
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,563 / 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