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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 572 people, 217 houses or apartments, and a median cost of homes of $140,487, house prices in Dante are some of the most affordable in Virginia as well as the nation.
Single-family detached homes are the single most common housing type in Dante, accounting for 97.49% of the town's housing units. Other types of housing that are prevalent in Dante include mobile homes or trailers ( 2.51%).
Dwellings in Dante tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 59.33% of the homes in Dante have two or fewer bedrooms.
The housing in Dante was primarily built before 1939 ( 45.13%), making the housing stock in Dante some of the oldest overall in America, although there is a range of ages of homes in Dante. The next most important housing age is between 1940-1969 ( 32.59%), followed by between 1970-1999 ( 22.28%).
Vacant housing appears to be an issue in Dante. Fully 39.55% of the housing stock is classified as vacant. Left unchecked, vacant Dante homes and apartments can be a drag on the real estate market, holding Dante real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Dante have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.04%, which ranks in the top 50% nationwide. This equates to an annual average Dante house appreciation rate of 6.52%.
Appreciation rates are so strong in Dante that despite a nationwide downturn in the housing market, Dante real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dante appreciation rates continue to be some of the highest in America, at 7.71%, which is higher than appreciation rates in 80.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dante. Dante appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.04%.
Importantly, this makes Dante one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Virginia, our data show that Dante's latest annual appreciation rate is lower than 50% of the other cities and towns in Virginia.
$140,487
for Virginia
for nation
217
$680 / per month