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 7,219, 2,965 total housing units (homes and apartments), and a median house value of $324,038, Strasburg real estate prices are well above average cost compared to national prices.
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%).
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 6.53% 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 10.16%, which is higher than appreciation rates in 88.09% 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 2.32%, which equates to an annual appreciation rate of 9.63%.
Relative to Virginia, our data show that Strasburg's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia.
$324,038
for Virginia
for nation
2,965
$1,680 / per month