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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.



Midlothian, 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

Midlothian, VA Housing Market Trends

With a population of 18,320, 7,351 total housing units (homes and apartments), and a median house value of $489,279, Midlothian real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Midlothian, accounting for 66.28% of the town's housing units. Other types of housing that are prevalent in Midlothian include large apartment complexes or high rise apartments ( 26.61%), row houses and other attached homes ( 5.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Midlothian. Owner-occupied housing accounts for 76.47% of Midlothian's homes, and 53.94% have either three or four bedrooms, which is average sized relative to America.

Midlothian homes and real estate are some of the newest in America. 52.60% of Midlothian'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 Midlothian real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 45.16%), and before 1939 ( 1.17%). There's also some housing in Midlothian built between 1940-1969 ( 1.08%).

Midlothian Home Appreciation Rates

Real estate appreciation rates in Midlothian's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.12% during the period.

Appreciation rates are so strong in Midlothian that despite a nationwide downturn in the housing market, Midlothian real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Midlothian appreciation rates continue to be some of the highest in America, at 7.76%, which is higher than appreciation rates in 83.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Midlothian. Midlothian appreciation rates in the latest quarter were at 1.23%, which equates to an annual appreciation rate of 5.02%.

Relative to Virginia, our data show that Midlothian's latest annual appreciation rate is higher than 80% 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 Midlothian differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Midlothian - 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 Midlothian real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$489,279

Midlothian, VA Home Prices
> $1,324,000
$993,001 - $1,324,000
$662,001 - $993,000
$530,001 - $662,000
$398,001 - $530,000
$265,001 - $398,000
$132,001 - $265,000
$66,001 - $132,000
$0 - $66,000
0.0%
0.0%
0.1%
0.1%
12.0%
12.0%
23.0%
23.0%
39.6%
39.6%
19.8%
19.8%
3.2%
3.2%
1.3%
1.3%
1.0%
1.0%
0% 100.0%
% of Homes
Very High

for Virginia

Very High

for nation

Number of Homes And Apartments:

7,351

Midlothian Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,011 / per month

Homeownership Rate

Owners
Renters
76.5%
76.5%
23.5%
23.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.4%
3.4%
96.6%
96.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
52.6%
52.6%
45.2%
45.2%
1.1%
1.1%
1.2%
1.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.3%
66.3%
5.8%
5.8%
1.1%
1.1%
26.6%
26.6%
0.0%
0.0%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
5.8%
5.8%
18.7%
18.7%
26.2%
26.2%
27.7%
27.7%
18.9%
18.9%
0% 100.0%
% of Homes