Yorktown, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Yorktown, VA Real Estate Data


Yorktown Housing Market Information

With 198 people, 80 houses or apartments, and a median cost of homes of $262,657, Yorktown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Yorktown, accounting for 42.86% of the town's housing units. Other types of housing that are prevalent in Yorktown include duplexes, homes converted to apartments or other small apartment buildings ( 31.87%), row houses and other attached homes ( 25.27%).

The most prevalent building size and type in Yorktown are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 48.75% owning and 51.25% 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. Yorktown's housing was primarily built during this period, from the '40s through the '60s. A full 39.56% of the town's housing hails from this era. Other housing ages represented in Yorktown include homes built between 1970-1999 ( 35.16%) and housing constructed before 1939 ( 25.27%).

Vacant housing appears to be an issue in Yorktown. Fully 12.09% of the housing stock is classified as vacant. Left unchecked, vacant Yorktown homes and apartments can be a drag on the real estate market, holding Yorktown 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.

Yorktown Home Appreciation Rates

Appreciation rates for homes in Yorktown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.02%, which ranks in the top 30% nationwide. This equates to an annual average Yorktown house appreciation rate of 1.14%.

Over the last year, Yorktown appreciation rates have trailed the rest of the nation. In the last twelve months, Yorktown's appreciation rate has been 4.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Yorktown were at 1.94%, which equates to an annual appreciation rate of 7.99%.

Relative to Virginia, our data show that Yorktown's latest annual appreciation rate is higher than 50% 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 Yorktown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Yorktown - 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 Yorktown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$262,657

Yorktown, VA HOME PRICES

Value Range
> $1,115,000 0.9
$837,001 - $1,115,000 0.0
$558,001 - $837,000 1.1
$446,001 - $558,000 6.2
$335,001 - $446,000 17.5
$223,001 - $335,000 31.1
$112,001 - $223,000 36.0
$56,001 - $112,000 5.6
$0 - $56,000 1.6

High for VA
High for Nation

Value Relative to Nation Value Relative to State
21.3093634713357 27.7008310249307

Number Of Homes And Apartments:
80

Rent & Ownership

 

Average Market Rent:
$879 / per month

Homeownership Rate

Homeownership
Owners 48.75
Renters 51.25
Vacant 12.09

Housing Market Details

 

Age of Homes

AGE OF Yorktown HOMES
2000 or Newer 0.0
1970 - 1999 35.2
1940 - 1969 39.6
1939 or Older 25.3

Types of Homes

TYPE OF Yorktown HOMES
Single-Family 42.9
Townhomes 25.3
Small Apt. Buildings 31.9
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Yorktown HOMES
No Bedroom 0.00
1 Bedroom 14.29
2 Bedrooms 17.58
3 Bedrooms 53.85
4 Bedrooms 14.29
5 or more bedrooms 0.00

Yorktown 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
116.62% 4.65% 10 10
* 10 is highest