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 8,456 people, 3,250 houses or apartments, and a median cost of homes of $581,324, Providence Forge house prices are not only among the most expensive in Virginia, Providence Forge real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Providence Forge, accounting for 92.38% of the town's housing units. Other types of housing that are prevalent in Providence Forge include mobile homes or trailers ( 6.22%), row houses and other attached homes ( 1.11%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Providence Forge. Owner-occupied housing accounts for 87.82% of Providence Forge's homes, and 83.13% have either three or four bedrooms, which is average sized relative to America.
Providence Forge homes and real estate are some of the newest in America. 45.72% of Providence Forge'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 Providence Forge real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.69%), and between 1940-1969 ( 13.91%). There's also some housing in Providence Forge built before 1939 ( 3.68%).
Real estate appreciation rates in Providence Forge's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.74% during the period.
Appreciation rates are so strong in Providence Forge that despite a nationwide downturn in the housing market, Providence Forge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Providence Forge appreciation rates continue to be some of the highest in America, at 7.76%, which is higher than appreciation rates in 83.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Providence Forge. Providence Forge appreciation rates in the latest quarter were at 1.23%, which equates to an annual appreciation rate of 5.03%.
Relative to Virginia, our data show that Providence Forge's latest annual appreciation rate is higher than 80% of the other cities and towns in Virginia.
$581,324
for Virginia
for nation
3,250
$2,410 / per month