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 2,315 people, 706 houses or apartments, and a median cost of homes of $347,467, Prince George real estate prices are well above average cost compared to national prices.
Mobile homes or trailers are the single most common housing type in Prince George, accounting for 40.51% of the town's housing units. Other types of housing that are prevalent in Prince George include single-family detached homes ( 39.09%), row houses and other attached homes ( 12.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.51%).
The most prevalent building size and type in Prince George are three and four bedroom dwellings, chiefly found in mobile homes or trailers. The town has a mixture of owners and renters, with 54.11% owning and 45.89% renting.
Prince George homes and real estate are some of the newest in America. 56.37% of Prince George'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 Prince George real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.99%), and between 1940-1969 ( 8.64%).
Real estate appreciation rates in Prince George's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.16% during the period.
Appreciation rates are so strong in Prince George that despite a nationwide downturn in the housing market, Prince George real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Prince George appreciation rates continue to be some of the highest in America, at 12.53%, which is higher than appreciation rates in 76.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Prince George. Prince George appreciation rates in the latest quarter were at 2.88%, which equates to an annual appreciation rate of 12.01%.
Relative to Virginia, our data show that Prince George's latest annual appreciation rate is higher than 80% of the other cities and towns in Virginia.
$347,467
for Virginia
for nation
706
$2,183 / per month