Warrenton, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Warrenton Neighborhoods Since 2000




Warrenton, 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

Warrenton Housing Market Information

With 9,897 people, 3,849 houses or apartments, and a median cost of homes of $364,645, Warrenton house prices are not only among the most expensive in Virginia, Warrenton 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 Warrenton, accounting for 48.74% of the town's housing units. Other types of housing that are prevalent in Warrenton include row houses and other attached homes ( 28.55%), large apartment complexes or high rise apartments ( 18.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.47%).

The most prevalent building size and type in Warrenton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.37% owning and 40.63% renting.

There is a lot of housing in Warrenton 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 Warrenton built between 2000 and later ( 27.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.57%). There's also some housing in Warrenton built before 1939 ( 15.37%).

Warrenton Home Appreciation Rates

Warrenton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Warrenton during the period has been just -1.66%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Warrenton's appreciation rate, at 3.98%, has been at or slightly above the national average. In the latest quarter, Warrenton's appreciation rate has been -0.17%, which annualizes to a rate of -0.70%.

Relative to Virginia, our data show that Warrenton's latest annual appreciation rate is higher than 70% 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 Warrenton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Warrenton - 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 Warrenton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$364,645

Warrenton, VA HOME PRICES

Value Range
> $1,130,000 1.7
$847,001 - $1,130,000 2.9
$565,001 - $847,000 10.2
$452,001 - $565,000 17.5
$339,001 - $452,000 29.6
$226,001 - $339,000 24.7
$113,001 - $226,000 11.0
$56,001 - $113,000 0.3
$0 - $56,000 2.1

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
11.2270010547287 13.0193905817175

Number Of Homes And Apartments:
3,849

Warrenton 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
66.59% 3.00% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,507 / per month

Homeownership Rate

Homeownership
Owners 59.37
Renters 40.63
Vacant 7.59

Housing Market Details

 

Age of Homes

AGE OF Warrenton HOMES
2000 or Newer 27.9
1970 - 1999 40.2
1940 - 1969 16.6
1939 or Older 15.4

Types of Homes

TYPE OF Warrenton HOMES
Single-Family 48.7
Townhomes 28.5
Small Apt. Buildings 4.5
Apt. Complexes 18.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Warrenton HOMES
No Bedroom 3.15
1 Bedroom 8.24
2 Bedrooms 23.12
3 Bedrooms 41.03
4 Bedrooms 19.83
5 or more bedrooms 4.63