Dunbar appreciation rates and housing market information

Dunbar housing market information

With a population of 8,055, 4,097 total housing units (homes and apartments), and a median house value of $115,785, house prices in Dunbar are solidly below the national average.

single-family detached homes are the single most common housing type in Dunbar, accounting for 70.42% of the city's housing units. Other types of housing that are prevalent in Dunbar include large apartment complexes or high rise apartments (17.79%), duplexes, homes converted to apartments, or other small apartment buildings (9.10%), row houses and other attached homes (2.00%), and a few mobile homes or trailers (0.68%).

People in Dunbar primarily live in small (one, two, or no bedroom) single-family detached homes. Dunbar has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Dunbar's housing was primarily built during this period, from the '40s through the '60s. A full 58.63% of the city's housing hails from this era. Other housing ages represented in Dunbar include homes built between 1970-1994 (28.51%), and housing constructed from 1939 and earlier (12.05%). There's also some housing in Dunbar built between 1995 and later (.81%).

Dunbar home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Dunbar, where house values have increased just 32.06%, which is an average annual increase of 3.20%. NeighborhoodScout's data show that in the latest quarter, Dunbar house values appreciated 1.02%, which is an annualized rate of 4.08%. This rate is lower than the appreciation rate found in 30% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Dunbar home appreciation rates, at 2.03%, have been at or slightly above the national average. In the latest quarter, Dunbar's appreciation rate has been 1.02%, which annualizes to a rate of 4.08%.

Relative to West Virginia, our data show that Dunbar's latest annual appreciation rate is higher than 64% of the other cities and towns in West Virginia.