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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.



Jarratt, 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 Q2 2024. 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

Jarratt, VA Housing Market Trends

With 637 people, 393 houses or apartments, and a median cost of homes of $234,072, house prices in Jarratt are solidly below the national average.

Single-family detached homes are the single most common housing type in Jarratt, accounting for 85.36% of the town's housing units. Other types of housing that are prevalent in Jarratt include duplexes, homes converted to apartments or other small apartment buildings ( 7.21%), large apartment complexes or high rise apartments ( 5.63%), and a few row houses and other attached homes ( 1.35%).

The most prevalent building size and type in Jarratt are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.03% owning and 40.97% renting.

There is a lot of housing in Jarratt 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 Jarratt built between 1940-1969 ( 35.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.50%). There's also some housing in Jarratt built before 1939 ( 5.41%).

Vacant housing appears to be an issue in Jarratt. Fully 11.49% of the housing stock is classified as vacant. Left unchecked, vacant Jarratt homes and apartments can be a drag on the real estate market, holding Jarratt 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.

Jarratt Home Appreciation Rates

Real estate appreciation rates in Jarratt's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.52% during the period.

NeighborhoodScout's data show that during the latest twelve months, Jarratt's appreciation rate, at 6.59%, has been at or slightly above the national average. In the latest quarter, Jarratt's appreciation rate has been 2.36%, which annualizes to a rate of 9.76%.

Relative to Virginia, our data show that Jarratt's latest annual appreciation rate is higher than 50% of the other cities and towns in Virginia.

Average Home Values

Median Home Value

$234,072

Jarratt, VA Home Prices
> $1,440,000
$1,080,001 - $1,440,000
$720,001 - $1,080,000
$576,001 - $720,000
$432,001 - $576,000
$288,001 - $432,000
$144,001 - $288,000
$72,001 - $144,000
$0 - $72,000
0.1%
0.1%
0.0%
0.0%
1.1%
1.1%
2.4%
2.4%
3.6%
3.6%
21.1%
21.1%
50.1%
50.1%
14.9%
14.9%
6.8%
6.8%
0% 100.0%
% of Homes
Low

for Virginia

Low

for nation

Number of Homes And Apartments:

393

Jarratt Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,044 / per month

Homeownership Rate

Owners
Renters
59.0%
59.0%
41.0%
41.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.5%
11.5%
88.5%
88.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.5%
20.5%
38.5%
38.5%
35.6%
35.6%
5.4%
5.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
85.4%
85.4%
1.4%
1.4%
7.2%
7.2%
5.6%
5.6%
0.5%
0.5%
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
0.0%
0.0%
4.3%
4.3%
16.7%
16.7%
68.7%
68.7%
10.4%
10.4%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Jarratt

Zip Codes in Jarratt, VA