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 8,974 people, 2,734 houses or apartments, and a median cost of homes of $758,470, Purcellville house prices are not only among the most expensive in Virginia, Purcellville real estate also is some of the most expensive in all of America.
Purcellville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Purcellville 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 Purcellville. Owner-occupied housing accounts for 84.50% of Purcellville's homes, and 64.35% have either three or four bedrooms, which is average sized relative to America.
Purcellville homes and real estate are some of the newest in America. 43.88% of Purcellville'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 Purcellville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.40%), and before 1939 ( 10.65%). There's also some housing in Purcellville built between 1940-1969 ( 10.07%).
Real estate appreciation rates in Purcellville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.83% during the period.
NeighborhoodScout's data show that during the latest twelve months, Purcellville's appreciation rate, at 7.15%, has been at or slightly above the national average. In the latest quarter, Purcellville's appreciation rate has been 3.11%, which annualizes to a rate of 13.04%.
Importantly, this makes Purcellville 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 Purcellville's latest annual appreciation rate is higher than 70% of the other cities and towns in Virginia.
$758,470
for Virginia
for nation
2,734
$3,118 / per month