Vienna, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Vienna Neighborhoods Since 2000




Vienna, 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

Vienna Housing Market Information

With a population of 16,522, 5,529 total housing units (homes and apartments), and a median house value of $727,531, Vienna house prices are not only among the most expensive in Virginia, Vienna real estate also is some of the most expensive in all of America.

Vienna is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Vienna than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vienna. Owner-occupied housing accounts for 77.87% of Vienna's homes, and 70.81% have either three or four bedrooms, which is average sized relative to America.

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. Vienna's housing was primarily built during this period, from the '40s through the '60s. A full 64.48% of the town's housing hails from this era. Other housing ages represented in Vienna include homes built between 1970-1999 ( 23.92%) and housing constructed between 2000 and later ( 9.59%). There's also some housing in Vienna built before 1939 ( 2.01%).

Vienna Home Appreciation Rates

In the last 10 years, Vienna has experienced some of the highest home appreciation rates of any community in the nation. Vienna real estate appreciated 14.90% over the last ten years, which is an average annual home appreciation rate of 1.40%, putting Vienna in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Vienna definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Vienna appreciation rates have trailed the rest of the nation. In the last twelve months, Vienna's appreciation rate has been 1.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vienna were at -0.17%, which equates to an annual appreciation rate of -0.70%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Vienna differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Vienna - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Vienna real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$727,531

Vienna, VA HOME PRICES

Value Range
> $1,119,000 12.6
$839,001 - $1,119,000 13.3
$559,001 - $839,000 51.8
$448,001 - $559,000 13.3
$336,001 - $448,000 2.7
$224,001 - $336,000 2.9
$112,001 - $224,000 0.6
$56,001 - $112,000 0.8
$0 - $56,000 2.0

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
2.44931442634478 1.66204986149585

Number Of Homes And Apartments:
5,529

Vienna 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
137.44% 5.14% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,899 / per month

Homeownership Rate

Homeownership
Owners 77.87
Renters 22.13
Vacant 1.65

Housing Market Details

 

Age of Homes

AGE OF Vienna HOMES
2000 or Newer 9.6
1970 - 1999 23.9
1940 - 1969 64.5
1939 or Older 2.0

Types of Homes

TYPE OF Vienna HOMES
Single-Family 80.5
Townhomes 8.6
Small Apt. Buildings 1.0
Apt. Complexes 9.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Vienna HOMES
No Bedroom 0.32
1 Bedroom 3.86
2 Bedrooms 8.04
3 Bedrooms 33.26
4 Bedrooms 37.55
5 or more bedrooms 16.97