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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 43,363 people, 13,899 houses or apartments, and a median cost of homes of $787,344, Annandale house prices are not only among the most expensive in Virginia, Annandale 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 Annandale, accounting for 46.34% of the town's housing units. Other types of housing that are prevalent in Annandale include large apartment complexes or high rise apartments ( 33.62%), row houses and other attached homes ( 17.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.26%).
The most prevalent building size and type in Annandale are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.77% owning and 36.23% 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. Annandale's housing was primarily built during this period, from the '40s through the '60s. A full 55.84% of the town's housing hails from this era. Other housing ages represented in Annandale include homes built between 1970-1999 ( 37.54%) and housing constructed between 2000 and later ( 5.06%). There's also some housing in Annandale built before 1939 ( 1.57%).
Annandale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Annandale during the period has been just 4.33%, which is lower than 80% of US communities.
Over the last year, Annandale appreciation rates have trailed the rest of the nation. In the last twelve months, Annandale's appreciation rate has been 4.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Annandale were at 0.00%, which equates to an annual appreciation rate of 0.00%.
Relative to Virginia, our data show that Annandale's latest annual appreciation rate is lower than 80% 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 Annandale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Annandale - 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 Annandale real estate investment or home purchase decisions.
$787,344
for Virginia
for nation
13,899
$2,537 / per month