Troutville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Troutville Neighborhoods Since 2000




Troutville, 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

Troutville Housing Market Information

With 432 people, 270 houses or apartments, and a median cost of homes of $193,383, Troutville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Troutville, accounting for 70.07% of the town's housing units. Other types of housing that are prevalent in Troutville include row houses and other attached homes ( 14.08%), mobile homes or trailers ( 10.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.58%).

Dwellings in Troutville tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 60.92% of the homes in Troutville have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Troutville's housing was primarily built during this period, from the '40s through the '60s. A full 45.07% of the town's housing hails from this era. Other housing ages represented in Troutville include homes built before 1939 ( 23.59%) and housing constructed between 2000 and later ( 20.42%). There's also some housing in Troutville built between 1970-1999 ( 10.92%).

Troutville Home Appreciation Rates

Troutville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Troutville during the period has been just -1.12%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Troutville's appreciation rate, at 4.27%, has been at or slightly above the national average. In the latest quarter, Troutville's appreciation rate has been 0.07%, which annualizes to a rate of 0.28%.

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

Average Home Values

 

Median Home Value:
$193,383

Troutville, VA HOME PRICES

Value Range
> $1,041,000 1.3
$781,001 - $1,041,000 1.5
$520,001 - $781,000 3.9
$416,001 - $520,000 4.4
$312,001 - $416,000 9.5
$208,001 - $312,000 25.7
$104,001 - $208,000 41.0
$52,001 - $104,000 6.7
$0 - $52,000 6.0

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
33.8978085081448 49.3074792243767

Number Of Homes And Apartments:
270

Troutville 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
24.06% 1.26% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,042 / per month

Homeownership Rate

Homeownership
Owners 67.78
Renters 32.22
Vacant 4.93

Housing Market Details

 

Age of Homes

AGE OF Troutville HOMES
2000 or Newer 20.4
1970 - 1999 10.9
1940 - 1969 45.1
1939 or Older 23.6

Types of Homes

TYPE OF Troutville HOMES
Single-Family 70.1
Townhomes 14.1
Small Apt. Buildings 4.6
Apt. Complexes 0.7
Mobile Homes 10.6
Other 0.0

Home Size

SIZE OF Troutville HOMES
No Bedroom 0.70
1 Bedroom 5.99
2 Bedrooms 54.23
3 Bedrooms 27.11
4 Bedrooms 11.27
5 or more bedrooms 0.70

Popular Neighborhoods in Troutville

Zip Codes in Troutville, VA