Maybe Some Townhouse Developments Have Fewer Homeowners (Living In Those Townhouses) Than I Thought


Maybe Some Townhouse Developments Have Fewer Homeowners (Living In Those Townhouses) Than I Thought
By Scott Rogers • January 20, 2021
Before I look at any given set of real estate data, I usually have some sort of an idea in my head of what the data is likely going to indicate. I'm not always exactly right in my guess as to what I'll find when digging into the data - but I'm usually not overly surprised. A fellow agent asked me a few weeks ago about how many townhouses in Taylor Spring I thought were owner occupied vs. tenant occupied. I think I guessed that 80% or more were owner occupied. That was just my general feel for the neighborhood. It seems to mostly be homeowners. I was wrong. Pretty significantly wrong. I pulled the property records for all townhouses in Taylor Spring and then determined which were owner occupied based on whether the tax bills are sent to the actual property (likely owner occupied) or sent to a different address (likely not owner occupied) and this is what I found... Total Townhouses = 185 Owner Occupied = 94 Percent Owner Occupied = 51% So, it seems that about half of the townhouses in Taylor Spring are rentals. I was surprised, though mainly just because of my general assumption about what I was going to find. Are you surprised? 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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