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 Q1 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:
$257,293

Number Of Homes And Apartments:
3,062,783

Virginia Home Prices

Value Range
> $1,079,000 2.1
$809,001 - $1,079,000 3.3
$539,001 - $809,000 10.1
$431,001 - $539,000 8.3
$324,001 - $431,000 13.9
$216,001 - $324,000 22.1
$108,001 - $216,000 26.6
$54,001 - $108,000 8.0
$0 - $54,000 5.5

Virginia Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2016 Q4 - 2017 Q1
-0.51% -2.03% 2
Last 12 Months:
2016 Q1 - 2017 Q1
2.91% 2.91% 2
Last 2 Years:
2015 Q1 - 2017 Q1
5.00% 2.47% 2
Last 5 Years:
2012 Q1 - 2017 Q1
11.87% 2.27% 3
Last 10 Years:
2007 Q1 - 2017 Q1
-6.54% -0.67% 3
Since 2000:
2000 Q1 - 2017 Q1
90.13% 3.85% 8
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,445 / 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