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 1,367 people, 654 houses or apartments, and a median cost of homes of $203,716, house prices in Glade Spring are solidly below the national average.
Single-family detached homes are the single most common housing type in Glade Spring, accounting for 89.77% of the town's housing units. Other types of housing that are prevalent in Glade Spring include duplexes, homes converted to apartments or other small apartment buildings ( 4.15%), mobile homes or trailers ( 3.76%), and a few large apartment complexes or high rise apartments ( 1.55%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glade Spring. Owner-occupied housing accounts for 81.96% of Glade Spring's homes, and 69.30% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Glade Spring 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 Glade Spring built between 1940-1969 ( 38.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.27%). There's also some housing in Glade Spring built before 1939 ( 7.38%).
Vacant housing appears to be an issue in Glade Spring. Fully 15.29% of the housing stock is classified as vacant. Left unchecked, vacant Glade Spring homes and apartments can be a drag on the real estate market, holding Glade Spring 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.
Appreciation rates for homes in Glade Spring have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.18%, which ranks in the top 30% nationwide. This equates to an annual average Glade Spring house appreciation rate of 7.66%.
Appreciation rates are so strong in Glade Spring that despite a nationwide downturn in the housing market, Glade Spring real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Glade Spring appreciation rates continue to be some of the highest in America, at 12.90%, which is higher than appreciation rates in 78.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Glade Spring. Glade Spring appreciation rates in the latest quarter were at 3.40%, which equates to an annual appreciation rate of 14.32%.
Relative to Virginia, our data show that Glade Spring's latest annual appreciation rate is higher than 80% of the other cities and towns in Virginia.
$203,716
for Virginia
for nation
654
$1,256 / per month