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 841, 356 total housing units (homes and apartments), and a median house value of $203,024, house prices in Blairs are solidly below the national average.
Single-family detached homes are the single most common housing type in Blairs, accounting for 81.84% of the town's housing units. Other types of housing that are prevalent in Blairs include mobile homes or trailers ( 18.16%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Blairs. Owner-occupied housing accounts for 78.37% of Blairs's homes, and 70.75% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Blairs 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 Blairs built between 1940-1969 ( 30.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.50%).
Vacant housing appears to be an issue in Blairs. Fully 16.04% of the housing stock is classified as vacant. Left unchecked, vacant Blairs homes and apartments can be a drag on the real estate market, holding Blairs 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 Blairs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.51% during the period.
Appreciation rates are so strong in Blairs that despite a nationwide downturn in the housing market, Blairs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Blairs appreciation rates continue to be some of the highest in America, at 8.36%, which is higher than appreciation rates in 73.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Blairs. Blairs 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 Blairs's latest annual appreciation rate is higher than 80% of the other cities and towns in Virginia.
$203,024
for Virginia
for nation
356
$1,621 / per month