State Farm, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating State Farm Neighborhoods Since 2000




State Farm, 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

State Farm Housing Market Information

With 4,212 people, 124 houses or apartments, and a median cost of homes of $279,307, State Farm real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in State Farm, accounting for 84.40% of the town's housing units. Other types of housing that are prevalent in State Farm include row houses and other attached homes ( 8.03%), large apartment complexes or high rise apartments ( 6.40%), and a few mobile homes or trailers ( 1.17%).

Renters dominate State Farm's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in State Farm 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 State Farm built between 2000 and later ( 28.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.97%). There's also some housing in State Farm built before 1939 ( 6.40%).

State Farm Home Appreciation Rates

State Farm's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in State Farm during the period has been just -1.61%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, State Farm's appreciation rate, at 3.54%, has been at or slightly above the national average. In the latest quarter, State Farm's appreciation rate has been 1.35%, which annualizes to a rate of 5.51%.

Relative to Virginia, our data show that State Farm's latest annual appreciation rate is higher than 70% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$279,307

State Farm, VA HOME PRICES

Value Range
> $1,142,000 2.8
$857,001 - $1,142,000 3.8
$571,001 - $857,000 6.1
$457,001 - $571,000 9.8
$343,001 - $457,000 14.7
$228,001 - $343,000 31.9
$114,001 - $228,000 27.9
$57,001 - $114,000 1.4
$0 - $57,000 1.4

High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
18.5866635415446 22.1606648199446

Number Of Homes And Apartments:
124

State Farm 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
62.31% 2.85% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,374 / per month

Homeownership Rate

Homeownership
Owners 11.44
Renters 88.56
Vacant 3.20

Housing Market Details

 

Age of Homes

AGE OF State Farm HOMES
2000 or Newer 28.6
1970 - 1999 48.0
1940 - 1969 17.0
1939 or Older 6.4

Types of Homes

TYPE OF State Farm HOMES
Single-Family 84.4
Townhomes 8.0
Small Apt. Buildings 0.0
Apt. Complexes 6.4
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF State Farm HOMES
No Bedroom 1.17
1 Bedroom 3.13
2 Bedrooms 10.31
3 Bedrooms 58.62
4 Bedrooms 24.48
5 or more bedrooms 2.29

Popular Neighborhoods in State Farm

Zip Codes in State Farm, VA