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 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%).
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.
$467,112
for Virginia
for nation
6,740
$2,013 / per month