January's First-Time Homebuyer Report for Front Royal

The population of Front Royal is somewhat affluent compared to others in Virginia with a median income of $48,358 per household. It's also considered an expensive city in terms of affordability with a cost of living adjustment score of 110.9. Front Royal is made up of homes that are considered relatively old with a median of 39 years. The top school in the city is Hilda J. Barbour Elementary School.

Price Range

The housing prices of Front Royal are close to the state average with a median home value of $183,700 and a current average list price of $238,754. The Front Royal market slowed with a 21.1% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 16.1 monthly average with 15 homes sold.

Make sure you take a look at these eye-catching homes in Front Royal that generated the most views from potential buyers:

$455K   $319K   $239K  

Typical Dwelling

A three-bedroom detached home valued around $212,125 is considered a typical dwelling in Front Royal. If a buyer was looking for a similar home, they would need good credit and a $42,425 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,115 and the property tax rate is $7.08 per $1,000 of taxable assessed value.

Get started right now by checking out Front Royal homes for sale or reviewing Front Royal real estate trends.


Data reported through 1/12/2017

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