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 10,197, 3,928 total housing units (homes and apartments), and a median house value of $588,033, Warrenton house prices are not only among the most expensive in Virginia, Warrenton 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 Warrenton, accounting for 56.53% of the town's housing units. Other types of housing that are prevalent in Warrenton include row houses and other attached homes ( 16.50%), large apartment complexes or high rise apartments ( 14.06%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.10%).
The most prevalent building size and type in Warrenton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.72% owning and 37.28% renting.
There is a lot of housing in Warrenton 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 Warrenton built between 2000 and later ( 28.61%). A lesser amount of the housing stock also hails from before 1939 ( 16.38%). There's also some housing in Warrenton built between 1940-1969 ( 14.79%).
Warrenton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Warrenton during the period has been just 5.16%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Warrenton's appreciation rate, at 5.44%, has been at or slightly above the national average. In the latest quarter, Warrenton's appreciation rate has been 3.11%, which annualizes to a rate of 13.04%.
Importantly, this makes Warrenton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Virginia, our data show that Warrenton's latest annual appreciation rate is lower than 60% 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 Warrenton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Warrenton - 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 Warrenton real estate investment or home purchase decisions.
$588,033
for Virginia
for nation
3,928
$1,981 / per month