Stanardsville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stanardsville, 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

Stanardsville Housing Market Information

With 380 people, 164 houses or apartments, and a median cost of homes of $204,300, Stanardsville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Stanardsville, accounting for 55.67% of the town's housing units. Other types of housing that are prevalent in Stanardsville include large apartment complexes or high rise apartments ( 24.14%), duplexes, homes converted to apartments or other small apartment buildings ( 16.26%), and a few row houses and other attached homes ( 3.45%).

Stanardsville is dominated by renter-occupied one, two, or no bedrooms apartments. 65.85% of Stanardsville's dwellings are rentals.

There is a lot of housing in Stanardsville 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 Stanardsville built before 1939 ( 33.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.59%). There's also some housing in Stanardsville built between 2000 and later ( 2.46%).

Vacant housing appears to be an issue in Stanardsville. Fully 19.21% of the housing stock is classified as vacant. Left unchecked, vacant Stanardsville homes and apartments can be a drag on the real estate market, holding Stanardsville 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.

Stanardsville Home Appreciation Rates

Homes have actually lost value in Stanardsville over the last then years, as home values have seen a decline of 23.34% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Stanardsville home appreciation rates at -0.32%, which equates to an annual appreciation rate of -1.27%.

Over the last year, Stanardsville appreciation rates have trailed the rest of the nation. In the last twelve months, Stanardsville's appreciation rate has been -1.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stanardsville were at -0.32%, which equates to an annual appreciation rate of -1.27%.

Relative to Virginia, our data show that Stanardsville's latest annual appreciation rate is lower than 90% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$204,300

Stanardsville, VA HOME PRICES

Value Range
> $998,000 1.1
$748,001 - $998,000 0.6
$499,001 - $748,000 6.0
$399,001 - $499,000 5.6
$299,001 - $399,000 12.7
$200,001 - $299,000 20.7
$100,001 - $200,000 44.5
$50,001 - $100,000 4.3
$0 - $50,000 4.6

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
31.2316887378413 42.9362880886427

Number Of Homes And Apartments:
164

Stanardsville 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
43.85% 2.13% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,265 / per month

Homeownership Rate

Homeownership
Owners 34.15
Renters 65.85
Vacant 19.21

Housing Market Details

 

Age of Homes

AGE OF Stanardsville HOMES
2000 or Newer 2.5
1970 - 1999 36.5
1940 - 1969 27.6
1939 or Older 33.5

Types of Homes

TYPE OF Stanardsville HOMES
Single-Family 55.7
Townhomes 3.4
Small Apt. Buildings 16.3
Apt. Complexes 24.1
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Stanardsville HOMES
No Bedroom 6.40
1 Bedroom 16.75
2 Bedrooms 39.41
3 Bedrooms 22.17
4 Bedrooms 15.27
5 or more bedrooms 0.00

Popular Neighborhoods in Stanardsville

Zip Codes in Stanardsville, VA