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 2,723, 747 total housing units (homes and apartments), and a median house value of $758,151, Lovettsville house prices are not only among the most expensive in Virginia, Lovettsville real estate also is some of the most expensive in all of America.
Lovettsville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Lovettsville than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lovettsville. Owner-occupied housing accounts for 85.94% of Lovettsville's homes, and 70.82% have either three or four bedrooms, which is average sized relative to America.
Lovettsville homes and real estate are some of the newest in America. 61.48% of Lovettsville'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 Lovettsville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 19.97%), and between 1940-1969 ( 10.77%). There's also some housing in Lovettsville built before 1939 ( 7.78%).
Lovettsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lovettsville during the period has been just 5.00%, which is lower than 80% of US communities.
Over the last year, Lovettsville appreciation rates have trailed the rest of the nation. In the last twelve months, Lovettsville's appreciation rate has been 4.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lovettsville were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Lovettsville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Virginia, our data show that Lovettsville's latest annual appreciation rate is lower than 70% of the other cities and towns in Virginia.
$758,151
for Virginia
for nation
747
$2,024 / per month