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 2,096, 774 total housing units (homes and apartments), and a median house value of $494,847, Stephens City real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Stephens City, accounting for 53.81% of the town's housing units. Other types of housing that are prevalent in Stephens City include row houses and other attached homes ( 24.48%), duplexes, homes converted to apartments or other small apartment buildings ( 12.01%), and a few large apartment complexes or high rise apartments ( 8.78%).
The most prevalent building size and type in Stephens City are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.10% owning and 42.90% renting.
Stephens City homes and real estate are some of the newest in America. 39.38% of Stephens City'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 Stephens City real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 24.71%), and between 1940-1969 ( 19.75%). There's also some housing in Stephens City built before 1939 ( 16.17%).
Vacant housing appears to be an issue in Stephens City. Fully 10.62% of the housing stock is classified as vacant. Left unchecked, vacant Stephens City homes and apartments can be a drag on the real estate market, holding Stephens City 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.
Real estate appreciation rates in Stephens City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.93% during the period.
Over the last year, Stephens City appreciation rates have trailed the rest of the nation. In the last twelve months, Stephens City's appreciation rate has been 2.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stephens City were at 1.29%, which equates to an annual appreciation rate of 5.25%.
Relative to Virginia, our data show that Stephens City's latest annual appreciation rate is lower than 90% 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 Stephens City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stephens City - 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 Stephens City real estate investment or home purchase decisions.
$494,847
for Virginia
for nation
774
$1,835 / per month