Stuarts Draft, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stuarts Draft, VA Real Estate Data


Stuarts Draft Housing Market Information

With a population of 9,249, 3,392 total housing units (homes and apartments), and a median house value of $185,502, Stuarts Draft real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Stuarts Draft, accounting for 73.59% of the town's housing units. Other types of housing that are prevalent in Stuarts Draft include large apartment complexes or high rise apartments ( 11.86%), mobile homes or trailers ( 7.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.45%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stuarts Draft. Owner-occupied housing accounts for 73.13% of Stuarts Draft's homes, and 69.80% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Stuarts Draft 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 Stuarts Draft built between 1940-1969 ( 16.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.21%). There's also some housing in Stuarts Draft built before 1939 ( 3.15%).

Stuarts Draft Home Appreciation Rates

Stuarts Draft's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Stuarts Draft during the period has been just -1.33%, which is lower than 80% of US communities.

Over the last year, Stuarts Draft appreciation rates have trailed the rest of the nation. In the last twelve months, Stuarts Draft's appreciation rate has been 4.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stuarts Draft were at 4.48%, which equates to an annual appreciation rate of 19.18%.

Importantly, this makes Stuarts Draft one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Virginia, our data show that Stuarts Draft's latest annual appreciation rate is higher than 50% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$185,502

Stuarts Draft, VA HOME PRICES

Value Range
> $1,056,000 0.5
$792,001 - $1,056,000 0.3
$528,001 - $792,000 0.4
$423,001 - $528,000 0.4
$317,001 - $423,000 8.2
$211,001 - $317,000 30.7
$106,001 - $211,000 43.1
$53,001 - $106,000 4.2
$0 - $53,000 12.3

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
37.3719037301634 52.0775623268698

Number Of Homes And Apartments:
3,392

Rent & Ownership

 

Average Market Rent:
$1,006 / per month

Homeownership Rate

Homeownership
Owners 73.13
Renters 26.87
Vacant 9.43

Housing Market Details

 

Age of Homes

AGE OF Stuarts Draft HOMES
2000 or Newer 11.2
1970 - 1999 69.0
1940 - 1969 16.6
1939 or Older 3.2

Types of Homes

TYPE OF Stuarts Draft HOMES
Single-Family 73.6
Townhomes 1.2
Small Apt. Buildings 5.4
Apt. Complexes 11.9
Mobile Homes 7.9
Other 0.0

Home Size

SIZE OF Stuarts Draft HOMES
No Bedroom 1.39
1 Bedroom 4.35
2 Bedrooms 23.77
3 Bedrooms 57.73
4 Bedrooms 12.07
5 or more bedrooms 0.69

Stuarts Draft Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
41.11% 2.05% 2 5
* 10 is highest

Popular Neighborhoods in Stuarts Draft

Zip Codes in Stuarts Draft, VA