Warsaw, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Warsaw Neighborhoods Since 2000




Warsaw, 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

Warsaw Housing Market Information

With 1,495 people, 470 houses or apartments, and a median cost of homes of $177,629, 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 72.48% of the town's housing units. Other types of housing that are prevalent in Warsaw include large apartment complexes or high rise apartments ( 14.77%), duplexes, homes converted to apartments or other small apartment buildings ( 10.74%), and a few row houses and other attached homes ( 1.68%).

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 45.81% owning and 54.19% 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 ( 36.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.58%). There's also some housing in Warsaw built before 1939 ( 9.23%).

Vacant housing appears to be an issue in Warsaw. Fully 21.14% 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

Homes have actually lost value in Warsaw over the last then years, as home values have seen a decline of 26.71% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Warsaw home appreciation rates at -1.60%, which equates to an annual appreciation rate of -6.23%.

Over the last year, Warsaw appreciation rates have trailed the rest of the nation. In the last twelve months, Warsaw's appreciation rate has been -6.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Warsaw were at -1.60%, which equates to an annual appreciation rate of -6.23%.

Notably, Warsaw's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$177,629

Warsaw, VA HOME PRICES

Value Range
> $957,000 2.3
$718,001 - $957,000 1.0
$479,001 - $718,000 1.7
$383,001 - $479,000 8.5
$287,001 - $383,000 9.9
$191,001 - $287,000 21.3
$96,001 - $191,000 36.8
$48,001 - $96,000 16.9
$0 - $48,000 1.6

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
38.9722254775577 54.8476454293629

Number Of Homes And Apartments:
470

Warsaw 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
9.90% 0.55% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$933 / per month

Homeownership Rate

Homeownership
Owners 45.81
Renters 54.19
Vacant 21.14

Housing Market Details

 

Age of Homes

AGE OF Warsaw HOMES
2000 or Newer 12.6
1970 - 1999 41.4
1940 - 1969 36.7
1939 or Older 9.2

Types of Homes

TYPE OF Warsaw HOMES
Single-Family 72.5
Townhomes 1.7
Small Apt. Buildings 10.7
Apt. Complexes 14.8
Mobile Homes 0.0
Other 0.3

Home Size

SIZE OF Warsaw HOMES
No Bedroom 3.69
1 Bedroom 17.62
2 Bedrooms 16.11
3 Bedrooms 42.62
4 Bedrooms 16.78
5 or more bedrooms 3.19

Popular Neighborhoods in Warsaw

Zip Codes in Warsaw, VA