Triangle, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Triangle Neighborhoods Since 2000




Triangle, VA Real Estate Data


Triangle Housing Market Information

With a population of 9,093, 3,161 total housing units (homes and apartments), and a median house value of $374,422, 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 50.27% of the town's housing units. Other types of housing that are prevalent in Triangle include large apartment complexes or high rise apartments ( 28.11%), row houses and other attached homes ( 13.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.19%).

The most prevalent building size and type in Triangle are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 49.40% owning and 50.60% renting.

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 ( 31.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 28.02%). There's also some housing in Triangle built before 1939 ( 3.36%).

Triangle Home Appreciation Rates

Homes have actually lost value in Triangle over the last then years, as home values have seen a decline of 27.55% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Triangle home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

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 3.73%, 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 1.43%, which equates to an annual appreciation rate of 5.85%.

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

Average Home Values

 

Median Home Value:
$374,422

Triangle, VA HOME PRICES

Value Range
> $1,151,000 0.0
$863,001 - $1,151,000 0.0
$575,001 - $863,000 10.8
$460,001 - $575,000 25.7
$345,001 - $460,000 18.8
$230,001 - $345,000 12.3
$115,001 - $230,000 24.5
$57,001 - $115,000 5.0
$0 - $57,000 3.0

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
10.991391930667 13.0193905817175

Number Of Homes And Apartments:
3,161

Rent & Ownership

 

Average Market Rent:
$1,453 / per month

Homeownership Rate

Homeownership
Owners 49.40
Renters 50.60
Vacant 6.87

Housing Market Details

 

Age of Homes

AGE OF Triangle HOMES
2000 or Newer 28.0
1970 - 1999 37.3
1940 - 1969 31.3
1939 or Older 3.4

Types of Homes

TYPE OF Triangle HOMES
Single-Family 50.3
Townhomes 13.8
Small Apt. Buildings 5.2
Apt. Complexes 28.1
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Triangle HOMES
No Bedroom 1.44
1 Bedroom 18.77
2 Bedrooms 22.27
3 Bedrooms 20.92
4 Bedrooms 21.74
5 or more bedrooms 14.85

Triangle 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
79.02% 3.48% 9 9
* 10 is highest