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 313, 157 total housing units (homes and apartments), and a median house value of $328,808, Afton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Afton, accounting for 93.47% of the town's housing units. Other types of housing that are prevalent in Afton include large apartment complexes or high rise apartments ( 6.53%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Afton. Owner-occupied housing accounts for 73.89% of Afton's homes, and 75.38% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Afton 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 Afton built before 1939 ( 25.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.13%). There's also some housing in Afton built between 1940-1969 ( 12.56%).
Vacant housing appears to be an issue in Afton. Fully 21.11% of the housing stock is classified as vacant. Left unchecked, vacant Afton homes and apartments can be a drag on the real estate market, holding Afton 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 Afton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.99% during the period.
Over the last year, Afton appreciation rates have trailed the rest of the nation. In the last twelve months, Afton's appreciation rate has been 4.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Afton were at 0.64%, which equates to an annual appreciation rate of 2.57%.
Relative to Virginia, our data show that Afton's latest annual appreciation rate is lower than 70% of the other cities and towns in Virginia.
$328,808
for Virginia
for nation
157
$2,618 / per month