Stephens City, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Stephens City Neighborhoods Since 2000




Stephens City, 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

Stephens City Housing Market Information

With 1,940 people, 787 houses or apartments, and a median cost of homes of $300,783, Stephens City real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Stephens City, accounting for 48.18% of the town's housing units. Other types of housing that are prevalent in Stephens City include row houses and other attached homes ( 30.07%), large apartment complexes or high rise apartments ( 12.76%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.00%).

The most prevalent building size and type in Stephens City are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.10% owning and 46.90% renting.

There is a lot of housing in Stephens City 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 Stephens City built between 2000 and later ( 29.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.74%). There's also some housing in Stephens City built before 1939 ( 15.83%).

Vacant housing appears to be an issue in Stephens City. Fully 10.36% of the housing stock is classified as vacant. Left unchecked, vacant Stephens City homes and apartments can be a drag on the real estate market, holding Stephens City 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.

Stephens City Home Appreciation Rates

Homes have actually lost value in Stephens City over the last then years, as home values have seen a decline of 25.33% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Stephens City home appreciation rates at -6.15%, which equates to an annual appreciation rate of -22.41%.

Over the last year, Stephens City appreciation rates have trailed the rest of the nation. In the last twelve months, Stephens City's appreciation rate has been 0.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stephens City were at -6.15%, which equates to an annual appreciation rate of -22.41%.

Notably, Stephens City's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Virginia, our data show that Stephens City's latest annual appreciation rate is lower than 60% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$300,783

Stephens City, VA HOME PRICES

Value Range
> $1,098,000 0.0
$823,001 - $1,098,000 1.2
$548,001 - $823,000 11.1
$439,001 - $548,000 6.7
$329,001 - $439,000 22.1
$220,001 - $329,000 29.3
$110,001 - $220,000 19.9
$55,001 - $110,000 5.3
$0 - $55,000 4.5

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
16.2428219852338 19.9445983379501

Number Of Homes And Apartments:
787

Stephens City 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
48.31% 2.31% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,455 / per month

Homeownership Rate

Homeownership
Owners 53.10
Renters 46.90
Vacant 10.36

Housing Market Details

 

Age of Homes

AGE OF Stephens City HOMES
2000 or Newer 29.7
1970 - 1999 37.7
1940 - 1969 16.7
1939 or Older 15.8

Types of Homes

TYPE OF Stephens City HOMES
Single-Family 48.2
Townhomes 30.1
Small Apt. Buildings 9.0
Apt. Complexes 12.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Stephens City HOMES
No Bedroom 3.08
1 Bedroom 7.29
2 Bedrooms 24.15
3 Bedrooms 48.29
4 Bedrooms 15.60
5 or more bedrooms 1.59