Which Rockingham County Zip Codes Have The Highest Home Prices?


Which Rockingham County Zip Codes Have The Highest Home Prices?
By Scott Rogers • September 25, 2020
I took a look at single family home sales, on less than an acre, over the past 12 months (9/1/2019 - 8/31/2020) and looked for zip codes with 20+ home sales. Here's what I found as far as median sales prices... As you can see, areas east (Penn Laird, McGaheysville) and south (Bridgewater) as well as Harrisonburg itself have higher sales prices -- whereas Dayton, Grottoes, Elkton and Timberville round out the bottom of the list. Some of the differences in prices between zip codes noted above can easily be understood once realizing that different sized homes are built in different areas. I thought that evaluating price per square foot might, thus, be a good way to compare the zip codes -- but I actually came to a different conclusion after I ran the numbers... As you can see above, some of the localities with the highest median price per square foot (Grottoes = $152/SF, Broadway = $147/SF) have the lowest median sales price. How could this be!? Well, basically, smaller homes tend to have higher a higher price per square foot than larger homes. Thus, I added in one more column, above, to show the median size of the homes sold in each zip code. There, you can see that the reason why some of the lower priced zip codes are higher on the list (above) are a result of the smaller size of the homes in that zip code. Re-sorting, then, you can also get an interesting view on where larger homes and smaller homes tend to be located on a zip code level... All this, by the way, is thanks to a few questions from Howie - curious blog reader. Thanks Howie! Good questions, and interesting (I think) data/results! Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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