With a population of 4,474, 1,393 total housing units (homes and apartments), and a median house value of $289,825, Spotsylvania Courthouse real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Spotsylvania Courthouse, accounting for 87.12% of the town's housing units. Other types of housing that are prevalent in Spotsylvania Courthouse include large apartment complexes or high rise apartments ( 7.12%), duplexes, homes converted to apartments or other small apartment buildings ( 4.20%), and a few row houses and other attached homes ( 1.56%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Spotsylvania Courthouse. Owner-occupied housing accounts for 74.30% of Spotsylvania Courthouse's homes, and 74.24% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Spotsylvania Courthouse 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 Spotsylvania Courthouse built between 2000 and later ( 12.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.20%). There's also some housing in Spotsylvania Courthouse built before 1939 ( 1.69%).
Homes have actually lost value in Spotsylvania Courthouse over the last then years, as home values have seen a decline of 21.83% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Spotsylvania Courthouse home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.
NeighborhoodScout's data show that during the latest twelve months, Spotsylvania Courthouse's appreciation rate, at 4.90%, has been at or slightly above the national average. In the latest quarter, Spotsylvania Courthouse's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.
Relative to Virginia, our data show that Spotsylvania Courthouse's latest annual appreciation rate is higher than 70% of the other cities and towns in Virginia.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Spotsylvania Courthouse differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Spotsylvania Courthouse - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Spotsylvania Courthouse real estate investment or home purchase decisions.
|$876,001 - $1,168,000||1.6|
|$584,001 - $876,000||7.2|
|$468,001 - $584,000||14.0|
|$350,001 - $468,000||13.0|
|$234,001 - $350,000||24.2|
|$117,001 - $234,000||34.7|
|$59,001 - $117,000||1.9|
|$0 - $59,000||3.0|
|Value Relative to Nation||Value Relative to State|
|AGE OF Spotsylvania Courthouse HOMES|
|2000 or Newer||12.3|
|1970 - 1999||77.8|
|1940 - 1969||8.2|
|1939 or Older||1.7|
|TYPE OF Spotsylvania Courthouse HOMES|
|Small Apt. Buildings||4.2|
|SIZE OF Spotsylvania Courthouse HOMES|
|5 or more bedrooms||12.47|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
2000 Q1 - 2016 Q3
|* 10 is highest|