Warsaw, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Warsaw Neighborhoods Since 2000




Warsaw, VA Real Estate Data


Warsaw Housing Market Information

With a population of 1,495, 461 total housing units (homes and apartments), and a median house value of $227,563, Warsaw real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Warsaw, accounting for 67.96% of the town's housing units. Other types of housing that are prevalent in Warsaw include large apartment complexes or high rise apartments ( 19.72%), duplexes, homes converted to apartments or other small apartment buildings ( 10.56%), and a few row houses and other attached homes ( 1.76%).

The most prevalent building size and type in Warsaw are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 41.46% owning and 58.54% renting.

There is a lot of housing in Warsaw 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 Warsaw built between 1940-1969 ( 32.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.50%). There's also some housing in Warsaw built before 1939 ( 9.51%).

Vacant housing appears to be an issue in Warsaw. Fully 18.84% of the housing stock is classified as vacant. Left unchecked, vacant Warsaw homes and apartments can be a drag on the real estate market, holding Warsaw real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Warsaw Home Appreciation Rates

Warsaw's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Warsaw during the period has been just -0.78%, which is lower than 70% of US communities.

Appreciation rates are so strong in Warsaw that despite a nationwide downturn in the housing market, Warsaw real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Warsaw appreciation rates continue to be some of the highest in America, at 8.02%, which is higher than appreciation rates in 91.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Warsaw. Warsaw appreciation rates in the latest quarter were at 1.96%, which equates to an annual appreciation rate of 8.06%.

Relative to Virginia, our data show that Warsaw's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$227,563

Warsaw, VA HOME PRICES

Value Range
> $1,117,000 2.2
$838,001 - $1,117,000 1.1
$558,001 - $838,000 3.0
$447,001 - $558,000 11.3
$335,001 - $447,000 7.0
$223,001 - $335,000 24.2
$112,001 - $223,000 34.1
$56,001 - $112,000 15.6
$0 - $56,000 1.5

High for VA
High for Nation

Value Relative to Nation Value Relative to State
27.0714996779294 37.3961218836565

Number Of Homes And Apartments:
461

Rent & Ownership

 

Average Market Rent:
$745 / per month

Homeownership Rate

Homeownership
Owners 41.46
Renters 58.54
Vacant 18.84

Housing Market Details

 

Age of Homes

AGE OF Warsaw HOMES
2000 or Newer 12.5
1970 - 1999 45.4
1940 - 1969 32.6
1939 or Older 9.5

Types of Homes

TYPE OF Warsaw HOMES
Single-Family 68.0
Townhomes 1.8
Small Apt. Buildings 10.6
Apt. Complexes 19.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Warsaw HOMES
No Bedroom 5.11
1 Bedroom 20.77
2 Bedrooms 15.67
3 Bedrooms 42.96
4 Bedrooms 12.32
5 or more bedrooms 3.17

Warsaw 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
32.21% 1.66% 1 3
* 10 is highest

Popular Neighborhoods in Warsaw

Zip Codes in Warsaw, VA