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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



King George, VA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

King George, VA Housing Market Trends

With 4,970 people, 1,558 houses or apartments, and a median cost of homes of $503,346, King George real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in King George, accounting for 77.55% of the town's housing units. Other types of housing that are prevalent in King George include mobile homes or trailers ( 10.21%), row houses and other attached homes ( 6.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in King George. Owner-occupied housing accounts for 69.06% of King George's homes, and 84.72% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in King George 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 King George built between 2000 and later ( 45.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.55%). There's also some housing in King George built before 1939 ( 1.73%).

King George Home Appreciation Rates

King George's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in King George during the period has been just 5.60%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, King George's appreciation rate, at 6.31%, has been at or slightly above the national average. In the latest quarter, King George's appreciation rate has been 2.32%, which annualizes to a rate of 9.63%.

Relative to Virginia, our data show that King George's latest annual appreciation rate is lower than 50% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within King George differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in King George - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best King George real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$503,346

King George, VA Home Prices
> $1,383,000
$1,037,001 - $1,383,000
$691,001 - $1,037,000
$553,001 - $691,000
$415,001 - $553,000
$277,001 - $415,000
$138,001 - $277,000
$69,001 - $138,000
$0 - $69,000
2.0%
2.0%
2.9%
2.9%
9.2%
9.2%
22.3%
22.3%
31.2%
31.2%
21.0%
21.0%
8.7%
8.7%
0.4%
0.4%
2.3%
2.3%
0% 100.0%
% of Homes
Very High

for Virginia

Very High

for nation

Number of Homes And Apartments:

1,558

King George Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,436 / per month

Homeownership Rate

Owners
Renters
69.1%
69.1%
30.9%
30.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.0%
7.0%
93.0%
93.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
45.7%
45.7%
47.0%
47.0%
5.6%
5.6%
1.7%
1.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.6%
77.6%
6.8%
6.8%
3.3%
3.3%
2.1%
2.1%
10.2%
10.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
3.8%
3.8%
9.1%
9.1%
64.8%
64.8%
19.9%
19.9%
1.6%
1.6%
0% 100.0%
% of Homes