Spotsylvania Courthouse, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Spotsylvania Courthouse Neighborhoods Since 2000




Spotsylvania Courthouse, 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

Spotsylvania Courthouse Housing Market Information

With a population of 4,474, 1,416 total housing units (homes and apartments), and a median house value of $237,130, 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 89.31% of the town's housing units. Other types of housing that are prevalent in Spotsylvania Courthouse include large apartment complexes or high rise apartments ( 7.30%), row houses and other attached homes ( 1.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.59%).

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 75.99% of Spotsylvania Courthouse's homes, and 74.63% 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 ( 11.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.57%). There's also some housing in Spotsylvania Courthouse built before 1939 ( 1.93%).

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 22.55% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Spotsylvania Courthouse home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

NeighborhoodScout's data show that during the latest twelve months, Spotsylvania Courthouse's appreciation rate, at 3.67%, has been at or slightly above the national average. In the latest quarter, Spotsylvania Courthouse's appreciation rate has been -0.17%, which annualizes to a rate of -0.70%.

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:
$237,130

Spotsylvania Courthouse, VA HOME PRICES

Value Range
> $1,136,000 0.4
$852,001 - $1,136,000 1.8
$568,001 - $852,000 7.6
$454,001 - $568,000 12.7
$341,001 - $454,000 13.3
$227,001 - $341,000 25.6
$114,001 - $227,000 35.0
$57,001 - $114,000 1.1
$0 - $57,000 2.4

High for VA
High for Nation

Value Relative to Nation Value Relative to State
24.6161959451541 32.6869806094183

Number Of Homes And Apartments:
1,416

Spotsylvania Courthouse 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
59.50% 2.74% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,302 / per month

Homeownership Rate

Homeownership
Owners 75.99
Renters 24.01
Vacant 5.98

Housing Market Details

 

Age of Homes

AGE OF Spotsylvania Courthouse HOMES
2000 or Newer 11.0
1970 - 1999 79.5
1940 - 1969 7.6
1939 or Older 1.9

Types of Homes

TYPE OF Spotsylvania Courthouse HOMES
Single-Family 89.3
Townhomes 1.8
Small Apt. Buildings 1.6
Apt. Complexes 7.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Spotsylvania Courthouse HOMES
No Bedroom 1.73
1 Bedroom 3.85
2 Bedrooms 8.30
3 Bedrooms 47.81
4 Bedrooms 26.83
5 or more bedrooms 11.49