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 496, 178 total housing units (homes and apartments), and a median house value of $374,932, Mineral real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Mineral, accounting for 94.62% of the town's housing units. Other types of housing that are prevalent in Mineral include row houses and other attached homes ( 4.30%), mobile homes or trailers ( 1.08%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mineral. Owner-occupied housing accounts for 77.53% of Mineral's homes, and 63.44% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Mineral's housing was primarily built during this period, from the '40s through the '60s. A full 35.48% of the town's housing hails from this era. Other housing ages represented in Mineral include homes built between 1970-1999 ( 30.65%) and housing constructed before 1939 ( 23.12%). There's also some housing in Mineral built between 2000 and later ( 10.75%).
Real estate appreciation rates in Mineral's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.33% during the period.
Over the last year, Mineral appreciation rates have trailed the rest of the nation. In the last twelve months, Mineral's appreciation rate has been 3.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mineral were at 2.32%, which equates to an annual appreciation rate of 9.63%.
Relative to Virginia, our data show that Mineral's latest annual appreciation rate is lower than 80% of the other cities and towns in Virginia.
$374,932
for Virginia
for nation
178
$2,317 / per month