Spotsylvania Courthouse, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Spotsylvania Courthouse, VA Real Estate Data


Spotsylvania Courthouse Housing Market Information

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%).

Spotsylvania Courthouse Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$289,825

Spotsylvania Courthouse, VA HOME PRICES

Value Range
> $1,168,000 0.3
$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

High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
17.9422615213445 22.4376731301939

Number Of Homes And Apartments:
1,393

Rent & Ownership

 

Average Market Rent:
$1,454 / per month

Homeownership Rate

Homeownership
Owners 74.30
Renters 25.70
Vacant 5.56

Housing Market Details

 

Age of Homes

AGE OF Spotsylvania Courthouse HOMES
2000 or Newer 12.3
1970 - 1999 77.8
1940 - 1969 8.2
1939 or Older 1.7

Types of Homes

TYPE OF Spotsylvania Courthouse HOMES
Single-Family 87.1
Townhomes 1.6
Small Apt. Buildings 4.2
Apt. Complexes 7.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Spotsylvania Courthouse HOMES
No Bedroom 0.00
1 Bedroom 3.80
2 Bedrooms 9.49
3 Bedrooms 43.12
4 Bedrooms 31.12
5 or more bedrooms 12.47

Spotsylvania Courthouse Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2016 Q3
66.04% 3.03% 7 8
* 10 is highest