Tappahannock, VA


Highest Appreciating Tappahannock Neighborhoods Since 2000

Tappahannock, 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

Tappahannock Housing Market Information

With a population of 2,387, 864 total housing units (homes and apartments), and a median house value of $183,559, Tappahannock real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tappahannock, accounting for 51.30% of the town's housing units. Other types of housing that are prevalent in Tappahannock include large apartment complexes or high rise apartments ( 23.83%), duplexes, homes converted to apartments or other small apartment buildings ( 15.60%), and a few mobile homes or trailers ( 5.29%).

People in Tappahannock primarily live in small (one, two or no bedroom) single-family detached homes. Tappahannock has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Tappahannock 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 Tappahannock built between 1940-1969 ( 19.76%). A lesser amount of the housing stock also hails from before 1939 ( 13.78%). There's also some housing in Tappahannock built between 2000 and later ( 12.65%).

Vacant housing appears to be an issue in Tappahannock. Fully 25.13% of the housing stock is classified as vacant. Left unchecked, vacant Tappahannock homes and apartments can be a drag on the real estate market, holding Tappahannock 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.

Tappahannock Home Appreciation Rates

Tappahannock's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tappahannock during the period has been just -1.80%, which is lower than 80% of US communities.

Over the last year, Tappahannock appreciation rates have trailed the rest of the nation. In the last twelve months, Tappahannock's appreciation rate has been -0.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tappahannock were at -1.60%, which equates to an annual appreciation rate of -6.23%.

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

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

Average Home Values


Median Home Value:

Tappahannock, VA HOME PRICES

Value Range
> $1,021,000 0.0
$766,001 - $1,021,000 0.0
$510,001 - $766,000 2.2
$408,001 - $510,000 5.2
$306,001 - $408,000 3.6
$204,001 - $306,000 25.9
$102,001 - $204,000 43.8
$51,001 - $102,000 9.1
$0 - $51,000 10.2

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
36.8979257002227 53.185595567867

Number Of Homes And Apartments:

Tappahannock Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
58.30% 2.70% 7 7
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,018 / per month

Homeownership Rate

Owners 40.65
Renters 59.35
Vacant 25.13

Housing Market Details


Age of Homes

AGE OF Tappahannock HOMES
2000 or Newer 12.7
1970 - 1999 53.8
1940 - 1969 19.8
1939 or Older 13.8

Types of Homes

TYPE OF Tappahannock HOMES
Single-Family 51.3
Townhomes 4.0
Small Apt. Buildings 15.6
Apt. Complexes 23.8
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Tappahannock HOMES
No Bedroom 0.00
1 Bedroom 11.18
2 Bedrooms 40.38
3 Bedrooms 39.25
4 Bedrooms 8.15
5 or more bedrooms 1.04

Popular Neighborhoods in Tappahannock

Zip Codes in Tappahannock, VA