Chilhowie, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Chilhowie Neighborhoods Since 2000




Chilhowie, VA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Chilhowie Housing Market Information

With 1,741 people, 665 houses or apartments, and a median cost of homes of $103,692, house prices in Chilhowie are solidly below the national average.

Single-family detached homes are the single most common housing type in Chilhowie, accounting for 65.88% of the town's housing units. Other types of housing that are prevalent in Chilhowie include mobile homes or trailers ( 15.88%), large apartment complexes or high rise apartments ( 10.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.82%).

The most prevalent building size and type in Chilhowie are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.28% owning and 46.72% renting.

There is a lot of housing in Chilhowie built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Chilhowie built between 1940-1969 ( 33.62%). A lesser amount of the housing stock also hails from before 1939 ( 9.06%). There's also some housing in Chilhowie built between 2000 and later ( 6.20%).

Vacant housing appears to be an issue in Chilhowie. Fully 17.49% of the housing stock is classified as vacant. Left unchecked, vacant Chilhowie homes and apartments can be a drag on the real estate market, holding Chilhowie 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.

Chilhowie Home Appreciation Rates

Real estate appreciation rates in Chilhowie's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.37% during the period.

Over the last year, Chilhowie appreciation rates have trailed the rest of the nation. In the last twelve months, Chilhowie's appreciation rate has been -2.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chilhowie were at -1.60%, which equates to an annual appreciation rate of -6.23%.

Notably, Chilhowie's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Virginia, our data show that Chilhowie's latest annual appreciation rate is lower than 90% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$103,692

Chilhowie, VA HOME PRICES

Value Range
> $992,000 0.2
$744,001 - $992,000 0.0
$496,001 - $744,000 2.1
$396,001 - $496,000 2.3
$298,001 - $396,000 3.1
$198,001 - $298,000 9.7
$99,001 - $198,000 31.7
$50,001 - $99,000 35.4
$0 - $50,000 15.4

Very Low for VA
Low for Nation

Value Relative to Nation Value Relative to State
75.2431735614672 85.595567867036

Number Of Homes And Apartments:
665

Chilhowie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
29.58% 1.51% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$756 / per month

Homeownership Rate

Homeownership
Owners 53.28
Renters 46.72
Vacant 17.49

Housing Market Details

 

Age of Homes

AGE OF Chilhowie HOMES
2000 or Newer 6.2
1970 - 1999 51.1
1940 - 1969 33.6
1939 or Older 9.1

Types of Homes

TYPE OF Chilhowie HOMES
Single-Family 65.9
Townhomes 0.2
Small Apt. Buildings 7.8
Apt. Complexes 10.2
Mobile Homes 15.9
Other 0.0

Home Size

SIZE OF Chilhowie HOMES
No Bedroom 0.74
1 Bedroom 5.46
2 Bedrooms 39.08
3 Bedrooms 39.33
4 Bedrooms 15.01
5 or more bedrooms 0.37

Popular Neighborhoods in Chilhowie

Zip Codes in Chilhowie, VA