Roanoke, VA - House Price Index (HPI)
Roanoke Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Roanoke, VA single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics and
appreciation rates are provided below.
10
Roanoke Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1254.56
1st Quarter, 2018 Housing Statistics: Roanoke, Virginia


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      88%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Roanoke housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Roanoke is 88%. In other words, when tested against historical
data, the forecasting methodology was correct 88% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Roanoke is 88% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Roanoke
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      84%

The forecast for the trend in the Roanoke housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Roanoke is 84%. In other words, when tested against historical
data, the forecasting methodology was correct 84% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Roanoke is 84% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Roanoke
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Roanoke, Virginia


Historical Home Price Appreciation
Last Quarter                         -0.09%
Last Year                              1.7%
Last 5 Years                         10%
Last 10 Years                       -3%
Last 20 Years                       65%
Decline From All Time High   2.63%


Annual Home Price Appreciation Rates
1988      1.80%
1989      6.15%
1990      2.32%
1991      4.39%
1992      4.85%
1993      2.70%
1994      4.26%
1995      2.67%
1996      4.56%
1997      3.77%
1998      4.00%
1999      2.23%
2000      2.97%
2001      6.37%
2002      5.74%
2003      5.06%
2004      7.78%
2005      9.70%
2006      8.61%
2007      3.04%
2008      0.50%
2009      -2.19%
2010      -2.23%
2011      -4.03%
2012      -1.66%
2013      -1.63%
2014      3.48%
2015      -0.27%
2016      4.60%
2017      2.78%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.09%        Rank: 288 of 381 (24th Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.7%           Rank: 340 of 381 (10th Percentile)
Last 5 Years                              10%            Rank: 311 of 381 (18th Percentile)
Last 10 Years  . . . . . . . . . . . .   -3%            Rank: 310 of 381 (18th Percentile)
Last 20 Years                            65%            Rank: 250 of 379 (34th Percentile)
Decline From All Time High        2.63%

The change in home prices for Roanoke, VA are shown above for five time
periods. For example: Roanoke appreciated -0.09% in the Last Quarter. At that
rate, the Roanoke Real Estate Market was ranked 288th out of 381
metropolitan Real Estate Markets. Roanoke was in the 24th percentile. So
Roanoke, VA performed better in the Last Quarter than 24% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Roanoke, Virginia

The all time high in the Roanoke Home Price Index was 193.6 in the 1st
Quarter, of 2008. The 1st Quarter, 2018 index value was 188.5. That's a
decline of 5.09 points or 2.63% below the Roanoke Home Price Index all time
high.  The Home Price Index indicates that the Roanoke Market is down 3%
over the last 10 years. Home prices in the Roanoke Real Estate Market have
gained 1.75% over the last 12 months. Over the last thirty years, it is up 143%.

The 1st Quarter index value was 0.17 points lower than the 4th Quarter, 2017
index value of 188.66, resulting in a 0.09% decline for the 1st Quarter in the
Roanoke Market.

The Roanoke Home Price Index declined in the last quarter after increasing in
the previous 8 quarters. The current record holders for consecutive declines in
the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City, IA;
Shreveport, LA and Peoria, IL, with declines in the last 2 consecutive quarters.
The current record holders for consecutive increases in the Home Price Index
are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 27
consecutive quarters.

The highest annual change in the value of houses in the Roanoke Real Estate
Market was 33% in the twelve months ended with the 1st Quarter of 1983. The
worst annual change in home values  in the Roanoke Market was -15% in the
twelve months ended with the 1st Quarter of 1982.

The highest growth in home values in the Roanoke Real Estate Market over a
three year period was 64% in the three years ended with the 1st Quarter of
1985. The worst performance over a three year period in the Roanoke Market
was -12% in the three years ended with the 2nd Quarter of 2012.

This page provides a long term graph of the Roanoke Home Price Index
(above). For information about Virginia home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Roanoke Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Roanoke Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Roanoke Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: Roanoke, Virginia

The trend of Roanoke Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 1st Quarter of 2018, Roanoke Home Prices had a rank of 288, with
appreciation of -0.09%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Roanoke Home Prices had a rank of 340, with
appreciation during the year of 1.75%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Roanoke Home Prices
ranked 311, with a total appreciation of 9.8%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Roanoke Home Prices
had a rank of 310, with appreciation during the decade of -3%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Roanoke Home Prices
had a rank of 250, with total growth over the 20 year period of 65%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Roanoke Real Estate
Market is available back to the 2nd Quarter, of 1982. All calculations are based
on the quarterly value of the House Price Index for Roanoke. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Tuesday, July 24, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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