West Point, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating West Point Neighborhoods Since 2000




West Point, 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

West Point Housing Market Information

With a population of 3,333, 1,398 total housing units (homes and apartments), and a median house value of $204,785, West Point real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in West Point, accounting for 84.63% of the town's housing units. Other types of housing that are prevalent in West Point include large apartment complexes or high rise apartments ( 8.93%), duplexes, homes converted to apartments or other small apartment buildings ( 3.65%), and a few row houses and other attached homes ( 2.80%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Point. Owner-occupied housing accounts for 66.33% of West Point's homes, and 70.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in West Point 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 West Point built between 1940-1969 ( 26.25%). A lesser amount of the housing stock also hails from before 1939 ( 21.76%). There's also some housing in West Point built between 2000 and later ( 10.42%).

West Point Home Appreciation Rates

West Point's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West Point during the period has been just -1.62%, which is lower than 80% of US communities.

Over the last year, West Point appreciation rates have trailed the rest of the nation. In the last twelve months, West Point's appreciation rate has been -2.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Point were at 1.35%, which equates to an annual appreciation rate of 5.51%.

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

Average Home Values

 

Median Home Value:
$204,785

West Point, VA HOME PRICES

Value Range
> $1,015,000 0.0
$761,001 - $1,015,000 2.3
$507,001 - $761,000 2.7
$406,001 - $507,000 4.7
$304,001 - $406,000 12.1
$203,001 - $304,000 28.8
$101,001 - $203,000 41.2
$51,001 - $101,000 6.7
$0 - $51,000 1.5

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
31.1144966600258 42.6592797783933

Number Of Homes And Apartments:
1,398

West Point 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
42.77% 2.09% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,263 / per month

Homeownership Rate

Homeownership
Owners 66.33
Renters 33.67
Vacant 8.93

Housing Market Details

 

Age of Homes

AGE OF West Point HOMES
2000 or Newer 10.4
1970 - 1999 41.6
1940 - 1969 26.3
1939 or Older 21.8

Types of Homes

TYPE OF West Point HOMES
Single-Family 84.6
Townhomes 2.8
Small Apt. Buildings 3.6
Apt. Complexes 8.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF West Point HOMES
No Bedroom 0.00
1 Bedroom 3.13
2 Bedrooms 20.26
3 Bedrooms 48.66
4 Bedrooms 21.37
5 or more bedrooms 6.58

Popular Neighborhoods in West Point

Zip Codes in West Point, VA