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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.



Culpeper, 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 Q2 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

Culpeper, VA Housing Market Trends

With 20,764 people, 6,740 houses or apartments, and a median cost of homes of $467,112, Culpeper real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Culpeper, accounting for 64.87% of the town's housing units. Other types of housing that are prevalent in Culpeper include row houses and other attached homes ( 16.56%), large apartment complexes or high rise apartments ( 13.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.99%).

The most prevalent building size and type in Culpeper are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.43% owning and 42.57% renting.

Culpeper homes and real estate are some of the newest in America. 40.76% of Culpeper's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Culpeper real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.59%), and between 1940-1969 ( 15.90%). There's also some housing in Culpeper built before 1939 ( 6.75%).

Culpeper Home Appreciation Rates

Appreciation rates for homes in Culpeper have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.29%, which ranks in the top 50% nationwide. This equates to an annual average Culpeper house appreciation rate of 6.59%.

NeighborhoodScout's data show that during the latest twelve months, Culpeper's appreciation rate, at 5.85%, has been at or slightly above the national average. In the latest quarter, Culpeper's appreciation rate has been 3.11%, which annualizes to a rate of 13.04%.

Importantly, this makes Culpeper 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 Culpeper's latest annual appreciation rate is lower than 50% 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 Culpeper differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Culpeper - 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 Culpeper real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$467,112

Culpeper, VA Home Prices
> $1,397,000
$1,048,001 - $1,397,000
$699,001 - $1,048,000
$559,001 - $699,000
$419,001 - $559,000
$279,001 - $419,000
$140,001 - $279,000
$70,001 - $140,000
$0 - $70,000
0.8%
0.8%
0.6%
0.6%
8.9%
8.9%
23.8%
23.8%
29.4%
29.4%
24.3%
24.3%
7.7%
7.7%
2.3%
2.3%
2.3%
2.3%
0% 100.0%
% of Homes
High

for Virginia

High

for nation

Number of Homes And Apartments:

6,740

Culpeper Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,013 / per month

Homeownership Rate

Owners
Renters
57.4%
57.4%
42.6%
42.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.4%
3.4%
96.6%
96.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
40.8%
40.8%
36.6%
36.6%
15.9%
15.9%
6.8%
6.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.9%
64.9%
16.6%
16.6%
5.0%
5.0%
13.2%
13.2%
0.3%
0.3%
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
0.6%
0.6%
4.5%
4.5%
25.1%
25.1%
38.0%
38.0%
22.9%
22.9%
8.8%
8.8%
0% 100.0%
% of Homes