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
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Chilhowie HOMES|
|2000 or Newer||6.2|
|1970 - 1999||51.1|
|1940 - 1969||33.6|
|1939 or Older||9.1|
|TYPE OF Chilhowie HOMES|
|Small Apt. Buildings||7.8|
|SIZE OF Chilhowie HOMES|
|5 or more bedrooms||0.37|