Triangle, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Triangle Neighborhoods Since 2000




Triangle, 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

Triangle Housing Market Information

With a population of 9,093, 3,090 total housing units (homes and apartments), and a median house value of $476,549, Triangle house prices are not only among the most expensive in Virginia, Triangle real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Triangle, accounting for 50.59% of the town's housing units. Other types of housing that are prevalent in Triangle include large apartment complexes or high rise apartments ( 29.12%), row houses and other attached homes ( 10.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.38%).

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

There is a lot of housing in Triangle 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 Triangle built between 1940-1969 ( 29.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 28.13%). There's also some housing in Triangle built before 1939 ( 2.12%).

Triangle Home Appreciation Rates

Homes have actually lost value in Triangle over the last then years, as home values have seen a decline of 23.26% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Triangle home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Appreciation rates are so strong in Triangle that despite a nationwide downturn in the housing market, Triangle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Triangle appreciation rates continue to be some of the highest in America, at 7.25%, which is higher than appreciation rates in 82.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Triangle. Triangle appreciation rates in the latest quarter were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Triangle's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$476,549

Triangle, VA HOME PRICES

Value Range
> $1,181,000 0.0
$886,001 - $1,181,000 0.0
$590,001 - $886,000 11.5
$472,001 - $590,000 23.8
$354,001 - $472,000 21.4
$236,001 - $354,000 14.0
$118,001 - $236,000 23.1
$59,001 - $118,000 3.7
$0 - $59,000 2.5

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
6.56275635767022 5.81717451523546

Number Of Homes And Apartments:
3,090

Triangle 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
86.60% 3.68% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,189 / per month

Homeownership Rate

Homeownership
Owners 47.40
Renters 52.60
Vacant 3.86

Housing Market Details

 

Age of Homes

AGE OF Triangle HOMES
2000 or Newer 28.1
1970 - 1999 40.6
1940 - 1969 29.1
1939 or Older 2.1

Types of Homes

TYPE OF Triangle HOMES
Single-Family 50.6
Townhomes 10.3
Small Apt. Buildings 6.4
Apt. Complexes 29.1
Mobile Homes 3.4
Other 0.2

Home Size

SIZE OF Triangle HOMES
No Bedroom 5.94
1 Bedroom 16.18
2 Bedrooms 20.78
3 Bedrooms 20.47
4 Bedrooms 21.25
5 or more bedrooms 15.37