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 a population of 1,703, 677 total housing units (homes and apartments), and a median house value of $262,897, Stanley real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Stanley, accounting for 78.35% of the town's housing units. Other types of housing that are prevalent in Stanley include large apartment complexes or high rise apartments ( 7.82%), mobile homes or trailers ( 7.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.17%).
The most prevalent building size and type in Stanley are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.37% owning and 36.63% renting.
There is a lot of housing in Stanley 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 Stanley built between 1940-1969 ( 27.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.46%). There's also some housing in Stanley built before 1939 ( 16.48%).
Stanley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Stanley during the period has been just 5.86%, which is lower than 70% of US communities.
Over the last year, Stanley appreciation rates have trailed the rest of the nation. In the last twelve months, Stanley's appreciation rate has been 6.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stanley were at -1.03%, which equates to an annual appreciation rate of -4.04%.
Notably, Stanley's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Virginia, our data show that Stanley's latest annual appreciation rate is lower than 70% of the other cities and towns in Virginia.
$262,897
for Virginia
for nation
677
$1,296 / per month