Dayton, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dayton, 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

Dayton Housing Market Information

With a population of 1,588, 653 total housing units (homes and apartments), and a median house value of $255,856, Dayton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Dayton, accounting for 80.32% of the town's housing units. Other types of housing that are prevalent in Dayton include duplexes, homes converted to apartments or other small apartment buildings ( 7.96%), large apartment complexes or high rise apartments ( 7.81%), and a few row houses and other attached homes ( 2.17%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dayton. Owner-occupied housing accounts for 71.21% of Dayton's homes, and 56.01% have either three or four bedrooms, which is average sized relative to America.

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. Dayton's housing was primarily built during this period, from the '40s through the '60s. A full 35.89% of the town's housing hails from this era. Other housing ages represented in Dayton include homes built before 1939 ( 26.48%) and housing constructed between 1970-1999 ( 25.76%). There's also some housing in Dayton built between 2000 and later ( 11.87%).

Dayton Home Appreciation Rates

Dayton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dayton during the period has been just -1.33%, which is lower than 70% of US communities.

Over the last year, Dayton appreciation rates have trailed the rest of the nation. In the last twelve months, Dayton's appreciation rate has been 0.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dayton were at -0.75%, which equates to an annual appreciation rate of -2.98%.

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

Relative to Virginia, our data show that Dayton's latest annual appreciation rate is lower than 70% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$255,856

Dayton, VA HOME PRICES

Value Range
> $1,035,000 0.2
$776,001 - $1,035,000 1.3
$518,001 - $776,000 0.9
$414,001 - $518,000 9.1
$311,001 - $414,000 18.9
$207,001 - $311,000 35.4
$104,001 - $207,000 25.1
$52,001 - $104,000 2.2
$0 - $52,000 7.0

High for VA
High for Nation

Value Relative to Nation Value Relative to State
21.6805343958748 27.9778393351801

Number Of Homes And Apartments:
653

Dayton 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
47.84% 2.29% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$812 / per month

Homeownership Rate

Homeownership
Owners 71.21
Renters 28.79
Vacant 5.50

Housing Market Details

 

Age of Homes

AGE OF Dayton HOMES
2000 or Newer 11.9
1970 - 1999 25.8
1940 - 1969 35.9
1939 or Older 26.5

Types of Homes

TYPE OF Dayton HOMES
Single-Family 80.3
Townhomes 2.2
Small Apt. Buildings 8.0
Apt. Complexes 7.8
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Dayton HOMES
No Bedroom 1.45
1 Bedroom 2.17
2 Bedrooms 34.59
3 Bedrooms 41.68
4 Bedrooms 14.33
5 or more bedrooms 5.79