Stafford Courthouse, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stafford Courthouse, VA Real Estate Data


Stafford Courthouse Housing Market Information

With a population of 4,690, 1,065 total housing units (homes and apartments), and a median house value of $490,419, Stafford Courthouse house prices are not only among the most expensive in Virginia, Stafford Courthouse real estate also is some of the most expensive in all of America.

Row houses and other attached homes are the single most common housing type in Stafford Courthouse, accounting for 40.75% of the town's housing units. Other types of housing that are prevalent in Stafford Courthouse include single-family detached homes ( 29.50%), large apartment complexes or high rise apartments ( 26.08%), and a few mobile homes or trailers ( 3.67%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

Renters dominate Stafford Courthouse's housing market, and most live in three of four bedroom dwellings, chiefly found in row houses and other attached homes.

Stafford Courthouse homes and real estate are some of the newest in America. 55.25% of Stafford Courthouse's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Stafford Courthouse real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.83%), and between 1940-1969 ( 7.17%).

Vacant housing appears to be an issue in Stafford Courthouse. Fully 11.25% of the housing stock is classified as vacant. Left unchecked, vacant Stafford Courthouse homes and apartments can be a drag on the real estate market, holding Stafford Courthouse real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Stafford Courthouse Home Appreciation Rates

Stafford Courthouse's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Stafford Courthouse during the period has been just -1.92%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Stafford Courthouse's appreciation rate, at 5.19%, has been at or slightly above the national average. In the latest quarter, Stafford Courthouse's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

Relative to Virginia, our data show that Stafford Courthouse's latest annual appreciation rate is higher than 80% 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 Stafford Courthouse differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stafford 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 Stafford Courthouse real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$490,419

Stafford Courthouse, VA HOME PRICES

Value Range
> $1,200,000 0.7
$900,001 - $1,200,000 1.5
$600,001 - $900,000 23.1
$480,001 - $600,000 23.4
$360,001 - $480,000 19.4
$240,001 - $360,000 22.6
$120,001 - $240,000 6.1
$60,001 - $120,000 0.4
$0 - $60,000 2.7

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
6.47069157346138 7.4792243767313

Number Of Homes And Apartments:
1,065

Rent & Ownership

 

Average Market Rent:
$1,886 / per month

Homeownership Rate

Homeownership
Owners 30.53
Renters 69.47
Vacant 11.25

Housing Market Details

 

Age of Homes

AGE OF Stafford Courthouse HOMES
2000 or Newer 55.3
1970 - 1999 36.8
1940 - 1969 7.2
1939 or Older 0.8

Types of Homes

TYPE OF Stafford Courthouse HOMES
Single-Family 29.5
Townhomes 40.8
Small Apt. Buildings 0.0
Apt. Complexes 26.1
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Stafford Courthouse HOMES
No Bedroom 0.00
1 Bedroom 10.50
2 Bedrooms 23.33
3 Bedrooms 35.00
4 Bedrooms 14.25
5 or more bedrooms 16.92

Stafford 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
76.06% 3.38% 9 9
* 10 is highest