Virginia Real Estate
According to census data in the year 2000 there were 2,904,192 housing units in Virginia.
This represents a 16.3% from 2,496,334 in 1990.
Of those housing units, 2,072,623 were located in either urbanized areas or urban clusters, and 831,569 were located in what is classified as a rural area.
Homeownership rate in Virginia is about 68.1%.
Virginia's vacancy rate, including seasonal lodging, is about 7.1%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Virginia were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.6% |
| One Bedroom | 9.5% |
| Two Bedrooms | 25.6% |
| Three Bedrooms | 40.2% |
| Four Bedrooms | 18.6% |
| Five Bedrooms or more | 4.4% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $125,400 |
| Median Price asked for vacant units | $87,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $465 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 9.6% |
| Home Equity Loan | 9.3% |
| Simple Mortgage | 56.0% |
| Debt Free | 24.9% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.9% |
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