Rural Retreat, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rural Retreat Neighborhoods Since 2000




Rural Retreat, VA Real Estate 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

Rural Retreat Housing Market Information

With 1,485 people, 610 houses or apartments, and a median cost of homes of $138,055, house prices in Rural Retreat are solidly below the national average.

Single-family detached homes are the single most common housing type in Rural Retreat, accounting for 84.44% of the town's housing units. Other types of housing that are prevalent in Rural Retreat include duplexes, homes converted to apartments or other small apartment buildings ( 7.70%), mobile homes or trailers ( 4.78%), and a few large apartment complexes or high rise apartments ( 2.16%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rural Retreat. Owner-occupied housing accounts for 80.98% of Rural Retreat's homes, and 68.88% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rural Retreat built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rural Retreat built before 1939 ( 25.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.57%). There's also some housing in Rural Retreat built between 2000 and later ( 11.25%).

Rural Retreat Home Appreciation Rates

Real estate appreciation rates in Rural Retreat's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.71% during the period.

Over the last year, Rural Retreat appreciation rates have trailed the rest of the nation. In the last twelve months, Rural Retreat's appreciation rate has been 1.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rural Retreat were at -1.60%, which equates to an annual appreciation rate of -6.23%.

Notably, Rural Retreat's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Virginia, our data show that Rural Retreat's latest annual appreciation rate is higher than 50% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$138,055

Rural Retreat, VA HOME PRICES

Value Range
> $1,017,000 0.0
$763,001 - $1,017,000 0.6
$508,001 - $763,000 1.9
$407,001 - $508,000 0.7
$305,001 - $407,000 5.4
$203,001 - $305,000 13.6
$102,001 - $203,000 42.6
$51,001 - $102,000 23.7
$0 - $51,000 11.5

Low for VA
Average for Nation

Value Relative to Nation Value Relative to State
55.7424118129614 69.5290858725762

Number Of Homes And Apartments:
610

Rural Retreat Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
48.19% 2.31% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$740 / per month

Homeownership Rate

Homeownership
Owners 80.98
Renters 19.02
Vacant 6.01

Housing Market Details

 

Age of Homes

AGE OF Rural Retreat HOMES
2000 or Newer 11.2
1970 - 1999 39.4
1940 - 1969 23.6
1939 or Older 25.7

Types of Homes

TYPE OF Rural Retreat HOMES
Single-Family 84.4
Townhomes 0.9
Small Apt. Buildings 7.7
Apt. Complexes 2.2
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Rural Retreat HOMES
No Bedroom 0.00
1 Bedroom 1.85
2 Bedrooms 25.27
3 Bedrooms 58.71
4 Bedrooms 10.17
5 or more bedrooms 4.01

Popular Neighborhoods in Rural Retreat

Popular Communities Near Rural Retreat, VA

Zip Codes in Rural Retreat, VA