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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Scottsville, VA Real Estate Market

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 2024. 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

Scottsville, VA Housing Market Trends

With 531 people, 270 houses or apartments, and a median cost of homes of $487,890, Scottsville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Scottsville, accounting for 62.01% of the town's housing units. Other types of housing that are prevalent in Scottsville include duplexes, homes converted to apartments or other small apartment buildings ( 15.64%), large apartment complexes or high rise apartments ( 14.53%), and a few mobile homes or trailers ( 6.98%).

People in Scottsville primarily live in small (one, two or no bedroom) single-family detached homes. Scottsville has a mixture of owner-occupied and renter-occupied housing.

The housing in Scottsville was primarily built before 1939 ( 45.25%), making the housing stock in Scottsville some of the oldest overall in America, although there is a range of ages of homes in Scottsville. The next most important housing age is between 1940-1969 ( 33.24%), followed by between 1970-1999 ( 18.72%). There's also some housing in Scottsville built between 2000 and later ( 2.79%).

Vacant housing appears to be an issue in Scottsville. Fully 24.58% of the housing stock is classified as vacant. Left unchecked, vacant Scottsville homes and apartments can be a drag on the real estate market, holding Scottsville 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.

Scottsville Home Appreciation Rates

Appreciation rates for homes in Scottsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.87%, which ranks in the top 40% nationwide. This equates to an annual average Scottsville house appreciation rate of 7.17%.

NeighborhoodScout's data show that during the latest twelve months, Scottsville's appreciation rate, at 9.48%, has been at or slightly above the national average. In the latest quarter, Scottsville's appreciation rate has been 3.84%, which annualizes to a rate of 16.28%.

Relative to Virginia, our data show that Scottsville's latest annual appreciation rate is higher than 60% of the other cities and towns in Virginia.

Average Home Values

Median Home Value

$487,890

Scottsville, VA Home Prices
> $1,401,000
$1,050,001 - $1,401,000
$700,001 - $1,050,000
$560,001 - $700,000
$420,001 - $560,000
$280,001 - $420,000
$140,001 - $280,000
$70,001 - $140,000
$0 - $70,000
5.1%
5.1%
3.0%
3.0%
21.7%
21.7%
7.7%
7.7%
13.6%
13.6%
23.2%
23.2%
20.4%
20.4%
3.5%
3.5%
1.8%
1.8%
0% 100.0%
% of Homes
High

for Virginia

Very High

for nation

Number of Homes And Apartments:

270

Scottsville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,831 / per month

Homeownership Rate

Owners
Renters
56.7%
56.7%
43.3%
43.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
24.6%
24.6%
75.4%
75.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.8%
2.8%
18.7%
18.7%
33.2%
33.2%
45.3%
45.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.0%
62.0%
0.8%
0.8%
15.6%
15.6%
14.5%
14.5%
7.0%
7.0%
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
10.9%
10.9%
15.4%
15.4%
29.1%
29.1%
31.6%
31.6%
12.6%
12.6%
0.6%
0.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Scottsville

Popular Communities Near Scottsville, VA

Zip Codes in Scottsville, VA