Strasburg, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Strasburg Neighborhoods Since 2000




Strasburg, 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

Strasburg Housing Market Information

With a population of 6,586, 2,764 total housing units (homes and apartments), and a median house value of $196,385, Strasburg real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Strasburg, accounting for 51.41% of the town's housing units. Other types of housing that are prevalent in Strasburg include row houses and other attached homes ( 17.40%), large apartment complexes or high rise apartments ( 16.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.74%).

The most prevalent building size and type in Strasburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.06% owning and 36.94% renting.

Strasburg homes and real estate are some of the newest in America. 34.29% of Strasburg'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 Strasburg real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.73%), and before 1939 ( 19.46%). There's also some housing in Strasburg built between 1940-1969 ( 18.51%).

Vacant housing appears to be an issue in Strasburg. Fully 12.39% of the housing stock is classified as vacant. Left unchecked, vacant Strasburg homes and apartments can be a drag on the real estate market, holding Strasburg 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.

Strasburg Home Appreciation Rates

Homes have actually lost value in Strasburg over the last then years, as home values have seen a decline of 25.95% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Strasburg home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Over the last year, Strasburg appreciation rates have trailed the rest of the nation. In the last twelve months, Strasburg's appreciation rate has been -0.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Strasburg were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Strasburg's latest annual appreciation rate is lower than 80% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$196,385

Strasburg, VA HOME PRICES

Value Range
> $1,063,000 0.7
$797,001 - $1,063,000 0.0
$532,001 - $797,000 0.0
$425,001 - $532,000 3.0
$319,001 - $425,000 8.7
$212,001 - $319,000 30.6
$106,001 - $212,000 47.0
$53,001 - $106,000 4.8
$0 - $53,000 5.1

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
33.1653580217977 46.814404432133

Number Of Homes And Apartments:
2,764

Strasburg 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
46.16% 2.22% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,190 / per month

Homeownership Rate

Homeownership
Owners 63.06
Renters 36.94
Vacant 12.39

Housing Market Details

 

Age of Homes

AGE OF Strasburg HOMES
2000 or Newer 34.3
1970 - 1999 27.7
1940 - 1969 18.5
1939 or Older 19.5

Types of Homes

TYPE OF Strasburg HOMES
Single-Family 51.4
Townhomes 17.4
Small Apt. Buildings 12.7
Apt. Complexes 16.6
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Strasburg HOMES
No Bedroom 2.44
1 Bedroom 8.24
2 Bedrooms 29.16
3 Bedrooms 44.79
4 Bedrooms 14.71
5 or more bedrooms 0.67