Stafford Courthouse, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Stafford Courthouse Neighborhoods Since 2000




Stafford 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

Stafford Courthouse Housing Market Information

With a population of 4,690, 1,040 total housing units (homes and apartments), and a median house value of $394,467, 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 44.17% of the town's housing units. Other types of housing that are prevalent in Stafford Courthouse include single-family detached homes ( 28.10%), large apartment complexes or high rise apartments ( 23.34%), and a few mobile homes or trailers ( 4.40%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which 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.

There is a lot of housing in Stafford 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 Stafford Courthouse built between 2000 and later ( 45.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.10%).

Stafford Courthouse Home Appreciation Rates

Homes have actually lost value in Stafford Courthouse over the last then years, as home values have seen a decline of 19.76% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Stafford Courthouse home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Over the last year, Stafford Courthouse appreciation rates have trailed the rest of the nation. In the last twelve months, Stafford Courthouse's appreciation rate has been 1.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stafford Courthouse were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Stafford Courthouse's latest annual appreciation rate is higher than 50% 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:
$394,467

Stafford Courthouse, VA HOME PRICES

Value Range
> $1,127,000 0.8
$845,001 - $1,127,000 0.8
$563,001 - $845,000 25.3
$451,001 - $563,000 22.1
$338,001 - $451,000 18.0
$225,001 - $338,000 23.4
$113,001 - $225,000 6.2
$56,001 - $113,000 0.4
$0 - $56,000 3.0

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
9.71522325090824 11.9113573407202

Number Of Homes And Apartments:
1,040

Stafford 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
68.07% 3.06% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,951 / per month

Homeownership Rate

Homeownership
Owners 29.26
Renters 70.74
Vacant 6.64

Housing Market Details

 

Age of Homes

AGE OF Stafford Courthouse HOMES
2000 or Newer 45.5
1970 - 1999 47.7
1940 - 1969 6.1
1939 or Older 0.7

Types of Homes

TYPE OF Stafford Courthouse HOMES
Single-Family 28.1
Townhomes 44.2
Small Apt. Buildings 0.0
Apt. Complexes 23.3
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Stafford Courthouse HOMES
No Bedroom 0.00
1 Bedroom 9.34
2 Bedrooms 24.24
3 Bedrooms 39.59
4 Bedrooms 8.53
5 or more bedrooms 18.31