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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.



Purcellville, 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 Q2 2024. 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

Purcellville, VA Housing Market Trends

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%).

Purcellville Home Appreciation Rates

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.

Average Home Values

Median Home Value

$758,470

Purcellville, VA Home Prices
> $1,381,000
$1,035,001 - $1,381,000
$690,001 - $1,035,000
$552,001 - $690,000
$414,001 - $552,000
$276,001 - $414,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
5.7%
5.7%
13.0%
13.0%
51.8%
51.8%
16.4%
16.4%
7.7%
7.7%
2.5%
2.5%
2.0%
2.0%
0.0%
0.0%
0.9%
0.9%
0% 100.0%
% of Homes
Very High

for Virginia

Very High

for nation

Number of Homes And Apartments:

2,734

Purcellville Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,118 / per month

Homeownership Rate

Owners
Renters
84.5%
84.5%
15.5%
15.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.7%
1.7%
98.3%
98.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
43.9%
43.9%
35.4%
35.4%
10.1%
10.1%
10.6%
10.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.7%
71.7%
21.3%
21.3%
0.8%
0.8%
6.1%
6.1%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.2%
0.2%
1.4%
1.4%
9.1%
9.1%
28.0%
28.0%
36.4%
36.4%
24.9%
24.9%
0% 100.0%
% of Homes