Vinton, VA Real Estate Market

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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Vinton, VA Housing Market Trends

With 8,059 people, 3,654 houses or apartments, and a median cost of homes of $200,500, house prices in Vinton are solidly below the national average.

Single-family detached homes are the single most common housing type in Vinton, accounting for 62.40% of the town's housing units. Other types of housing that are prevalent in Vinton include large apartment complexes or high rise apartments ( 17.06%), duplexes, homes converted to apartments or other small apartment buildings ( 11.55%), and a few row houses and other attached homes ( 7.89%).

The most prevalent building size and type in Vinton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.24% owning and 44.76% renting.

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. Vinton's housing was primarily built during this period, from the '40s through the '60s. A full 41.05% of the town's housing hails from this era. Other housing ages represented in Vinton include homes built between 1970-1999 ( 37.43%) and housing constructed before 1939 ( 13.29%). There's also some housing in Vinton built between 2000 and later ( 8.24%).

Vinton Home Appreciation Rates

Vinton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Vinton during the period has been just 3.72%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Vinton's appreciation rate, at 17.88%, has been at or slightly above the national average. In the latest quarter, Vinton's appreciation rate has been 7.12%, which annualizes to a rate of 31.65%.

Relative to Virginia, our data show that Vinton's latest annual appreciation rate is higher than 80% 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 Vinton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Vinton - 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 Vinton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$200,500

Vinton, VA HOME PRICES

> $1,352,000
$1,014,001 - $1,352,000
$676,001 - $1,014,000
$541,001 - $676,000
$406,001 - $541,000
$270,001 - $406,000
$135,001 - $270,000
$68,001 - $135,000
$0 - $68,000
1.2%
1.2%
0.0%
0.0%
0.0%
0.0%
0.7%
0.7%
2.5%
2.5%
19.9%
19.9%
57.5%
57.5%
13.7%
13.7%
4.6%
4.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for VA

Value Relative To Nation

Number Of Homes And Apartments:
3,654

Vinton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
92.13% 3.01%
3
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,074 / per month

Homeownership Rate

Owners
Renters
Vacant
55.2%
55.2%
44.8%
44.8%
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.2%
8.2%
37.4%
37.4%
41.0%
41.0%
13.3%
13.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.4%
62.4%
7.9%
7.9%
11.6%
11.6%
17.1%
17.1%
1.1%
1.1%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
12.4%
12.4%
31.2%
31.2%
39.0%
39.0%
11.6%
11.6%
5.3%
5.3%
0.0% 100.0%
% OF HOMES