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Virginia
Real Estate Appreciation & Housing Market Trends






Virginia Real Estate Market & Appreciation

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value

$431,025

Number Of Homes And Apartments:

3,289,776

Virginia Home Prices

> $1,290,797
$967,992 - $1,290,797
$645,395 - $967,991
$516,324 - $645,394
$387,188 - $516,323
$258,048 - $387,187
$129,080 - $258,047
$64,557 - $129,079
$0 - $64,556
5.0%
5.0%
7.3%
7.3%
16.0%
16.0%
12.0%
12.0%
15.3%
15.3%
20.2%
20.2%
15.9%
15.9%
4.6%
4.6%
3.8%
3.8%
0% 100.0%
% of Homes

Virginia Appreciation Rates

Rent & Homeownership

Average Market Rent:

$2,295 / per month

Homeownership Rate

Owners
Renters
65.0%
65.0%
35.0%
35.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.3%
9.3%
90.7%
90.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.9%
23.9%
46.2%
46.2%
22.8%
22.8%
7.1%
7.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.4%
61.4%
11.2%
11.2%
4.4%
4.4%
18.5%
18.5%
4.5%
4.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
8.5%
8.5%
22.6%
22.6%
38.6%
38.6%
21.2%
21.2%
7.3%
7.3%
0% 100.0%
% of Homes