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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Triangle Housing Market Information

With a population of 9,093, 3,097 total housing units (homes and apartments), and a median house value of $521,338, 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 49.03% of the town's housing units. Other types of housing that are prevalent in Triangle include large apartment complexes or high rise apartments ( 35.07%), row houses and other attached homes ( 7.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.26%).

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 2000 and later ( 30.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.73%).

Triangle Home Appreciation Rates

Appreciation rates for homes in Triangle have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 37.69%, which ranks in the top 40% nationwide. This equates to an annual average Triangle house appreciation rate of 3.25%.

Over the last year, Triangle appreciation rates have trailed the rest of the nation. In the last twelve months, Triangle's appreciation rate has been 3.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Triangle were at 1.12%, which equates to an annual appreciation rate of 4.57%.

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

Average Home Values

 
info

Median Home Value:
$521,338

Triangle, VA HOME PRICES

> $1,147,000
1.4%
1.4%
$860,001 - $1,147,000
0.5%
0.5%
$574,001 - $860,000
20.4%
20.4%
$459,001 - $574,000
23.5%
23.5%
$344,001 - $459,000
13.3%
13.3%
$230,001 - $344,000
20.0%
20.0%
$115,001 - $230,000
15.1%
15.1%
$58,001 - $115,000
2.5%
2.5%
$0 - $58,000
3.4%
3.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for VA

Value Relative To Nation

Number Of Homes And Apartments:
3,097

Triangle Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
104.67% 3.51%
9
8
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,156 / per month

Homeownership Rate

Owners
47.1%
47.1%
Renters
52.9%
52.9%
Vacant
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
30.4%
30.4%
1970 - 1999
44.3%
44.3%
1940 - 1969
24.7%
24.7%
1939 or Older
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
49.0%
49.0%
Townhomes
7.5%
7.5%
Small Apt. Buildings
6.3%
6.3%
Apt. Complexes
35.1%
35.1%
Mobile Homes
2.0%
2.0%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
8.2%
8.2%
1 Bedroom
19.6%
19.6%
2 Bedrooms
19.7%
19.7%
3 Bedrooms
14.7%
14.7%
4 Bedrooms
21.8%
21.8%
5 or more bedrooms
16.0%
16.0%
0.0% 100.0%
% OF HOMES