BLACKSBURG HOUSING MARKET INFORMATION With 45,485 people, 13,827 houses or apartments, and a median cost of homes of $531,884, Blacksburg real estate prices are well above average cost compared to national prices. Large apartment complexes or high rise apartments are the single most common housing type in Blacksburg, accounting for 43.77% of the town's housing units. Other types of housing that are prevalent in Blacksburg include single-family detached homes ( 37.51%), duplexes, homes converted to apartments or other small apartment buildings ( 10.81%), and a few row houses and other attached homes ( 6.04%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen. Renters dominate Blacksburg's housing market, and most live in three of four bedroom dwellings. There is a lot of housing in Blacksburg 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 Blacksburg built between 2000 and later ( 27.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.56%). There's also some housing in Blacksburg built before 1939 ( 3.11%). Vacant housing appears to be an issue in Blacksburg. Fully 18.15% of the housing stock is classified as vacant. Left unchecked, vacant Blacksburg homes and apartments can be a drag on the real estate market, holding Blacksburg 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. BLACKSBURG HOME APPRECIATION RATES Blacksburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Blacksburg during the period has been just 5.89%, which is lower than 70% of US communities. Appreciation rates are so strong in Blacksburg that despite a nationwide downturn in the housing market, Blacksburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Blacksburg appreciation rates continue to be some of the highest in America, at 10.16%, which is higher than appreciation rates in 82.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Blacksburg. Blacksburg appreciation rates in the latest quarter were at 1.31%, which equates to an annual appreciation rate of 5.36%. Relative to Virginia, our data show that Blacksburg's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia. One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Blacksburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Blacksburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Blacksburg real estate investment or home purchase decisions.