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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.



Strasburg, 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 Q4 2023. 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

Strasburg, VA Housing Market Trends

With a population of 7,219, 2,965 total housing units (homes and apartments), and a median house value of $296,445, Strasburg real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Strasburg, accounting for 51.70% of the town's housing units. Other types of housing that are prevalent in Strasburg include large apartment complexes or high rise apartments ( 22.71%), row houses and other attached homes ( 17.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Strasburg. Owner-occupied housing accounts for 69.81% of Strasburg's homes, and 52.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Strasburg 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 Strasburg built between 2000 and later ( 31.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.57%). There's also some housing in Strasburg built before 1939 ( 15.74%).

Strasburg Home Appreciation Rates

Real estate appreciation rates in Strasburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.93% during the period.

Appreciation rates are so strong in Strasburg that despite a nationwide downturn in the housing market, Strasburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Strasburg appreciation rates continue to be some of the highest in America, at 7.71%, which is higher than appreciation rates in 81.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Strasburg. Strasburg appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.04%.

Importantly, this makes Strasburg 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 Strasburg's latest annual appreciation rate is higher than 60% of the other cities and towns in Virginia.

Average Home Values

Median Home Value

$296,445

Strasburg, VA Home Prices
> $1,283,000
$962,001 - $1,283,000
$641,001 - $962,000
$513,001 - $641,000
$385,001 - $513,000
$256,001 - $385,000
$128,001 - $256,000
$64,001 - $128,000
$0 - $64,000
0.0%
0.0%
0.0%
0.0%
2.3%
2.3%
4.9%
4.9%
19.1%
19.1%
35.6%
35.6%
34.0%
34.0%
1.6%
1.6%
2.5%
2.5%
0% 100.0%
% of Homes
Average

for Virginia

Average

for nation

Number of Homes And Apartments:

2,965

Strasburg Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,588 / per month

Homeownership Rate

Owners
Renters
69.8%
69.8%
30.2%
30.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.0%
9.0%
91.0%
91.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
31.5%
31.5%
36.2%
36.2%
16.6%
16.6%
15.7%
15.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
51.7%
51.7%
17.6%
17.6%
6.8%
6.8%
22.7%
22.7%
1.2%
1.2%
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
0.7%
0.7%
9.1%
9.1%
33.8%
33.8%
37.5%
37.5%
14.9%
14.9%
4.0%
4.0%
0% 100.0%
% of Homes