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 1,471, 803 total housing units (homes and apartments), and a median house value of $332,989, Gordonsville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Gordonsville, accounting for 73.29% of the town's housing units. Other types of housing that are prevalent in Gordonsville include large apartment complexes or high rise apartments ( 17.81%), duplexes, homes converted to apartments or other small apartment buildings ( 4.99%), and a few row houses and other attached homes ( 3.15%).
The most prevalent building size and type in Gordonsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 54.67% owning and 45.33% renting.
There is a lot of housing in Gordonsville 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 Gordonsville built between 1940-1969 ( 22.48%). A lesser amount of the housing stock also hails from before 1939 ( 20.52%). There's also some housing in Gordonsville built between 2000 and later ( 18.02%).
Vacant housing appears to be an issue in Gordonsville. Fully 12.81% of the housing stock is classified as vacant. Left unchecked, vacant Gordonsville homes and apartments can be a drag on the real estate market, holding Gordonsville 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.
Gordonsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gordonsville during the period has been just 5.71%, which is lower than 70% of US communities.
Over the last year, Gordonsville appreciation rates have trailed the rest of the nation. In the last twelve months, Gordonsville's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gordonsville were at 2.32%, which equates to an annual appreciation rate of 9.63%.
Relative to Virginia, our data show that Gordonsville's latest annual appreciation rate is lower than 70% of the other cities and towns in Virginia.
$332,989
for Virginia
for nation
803
$1,769 / per month