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 1,045, 541 total housing units (homes and apartments), and a median house value of $121,471, house prices in Cedar Bluff are some of the most affordable in Virginia as well as the nation.
Single-family detached homes are the single most common housing type in Cedar Bluff, accounting for 73.21% of the town's housing units. Other types of housing that are prevalent in Cedar Bluff include mobile homes or trailers ( 12.81%), duplexes, homes converted to apartments or other small apartment buildings ( 7.99%), and a few large apartment complexes or high rise apartments ( 5.99%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cedar Bluff. Owner-occupied housing accounts for 65.25% of Cedar Bluff's homes, and 71.05% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Cedar Bluff 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 Cedar Bluff built between 1940-1969 ( 35.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.31%). There's also some housing in Cedar Bluff built before 1939 ( 10.65%).
Cedar Bluff's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cedar Bluff during the period has been just 5.42%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Cedar Bluff's appreciation rate, at 6.70%, has been at or slightly above the national average. In the latest quarter, Cedar Bluff's appreciation rate has been 2.32%, which annualizes to a rate of 9.62%.
Relative to Virginia, our data show that Cedar Bluff's latest annual appreciation rate is higher than 50% of the other cities and towns in Virginia.
$121,471
for Virginia
for nation
541
$1,478 / per month