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 7,637, 1,810 total housing units (homes and apartments), and a median house value of $801,999, Fort Belvoir house prices are not only among the most expensive in Virginia, Fort Belvoir real estate also is some of the most expensive in all of America.
Row houses and other attached homes are the single most common housing type in Fort Belvoir, accounting for 59.32% of the town's housing units. Other types of housing that are prevalent in Fort Belvoir include single-family detached homes ( 35.60%), duplexes, homes converted to apartments or other small apartment buildings ( 4.28%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Renters dominate Fort Belvoir's housing market, and most live in three of four bedroom dwellings, chiefly found in row houses and other attached homes.
Fort Belvoir homes and real estate are some of the newest in America. 47.34% of Fort Belvoir'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 Fort Belvoir real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.17%), and between 1940-1969 ( 11.50%). There's also some housing in Fort Belvoir built before 1939 ( 7.98%).
Vacant housing appears to be an issue in Fort Belvoir. Fully 13.97% of the housing stock is classified as vacant. Left unchecked, vacant Fort Belvoir homes and apartments can be a drag on the real estate market, holding Fort Belvoir 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.
Fort Belvoir's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fort Belvoir during the period has been just 5.48%, which is lower than 70% of US communities.
Over the last year, Fort Belvoir appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Belvoir's appreciation rate has been 4.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Belvoir were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Fort Belvoir 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 Fort Belvoir's latest annual appreciation rate is lower than 70% of the other cities and towns in Virginia.
$801,999
$4,405 / per month