Dillwyn, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dillwyn, 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

Dillwyn Housing Market Information

With 444 people, 157 houses or apartments, and a median cost of homes of $166,631, Dillwyn real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Dillwyn, accounting for 61.14% of the town's housing units. Other types of housing that are prevalent in Dillwyn include large apartment complexes or high rise apartments ( 21.24%), mobile homes or trailers ( 10.36%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.74%).

The most prevalent building size and type in Dillwyn are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.54% owning and 46.46% renting.

There is a lot of housing in Dillwyn 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 Dillwyn built between 1940-1969 ( 26.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.54%). There's also some housing in Dillwyn built before 1939 ( 14.51%).

Vacant housing appears to be an issue in Dillwyn. Fully 18.65% of the housing stock is classified as vacant. Left unchecked, vacant Dillwyn homes and apartments can be a drag on the real estate market, holding Dillwyn 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.

Dillwyn Home Appreciation Rates

Appreciation rates for homes in Dillwyn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.72%, which ranks in the top 30% nationwide. This equates to an annual average Dillwyn house appreciation rate of 1.11%.

NeighborhoodScout's data show that during the latest twelve months, Dillwyn's appreciation rate, at 5.28%, has been at or slightly above the national average. In the latest quarter, Dillwyn's appreciation rate has been -0.32%, which annualizes to a rate of -1.27%.

Relative to Virginia, our data show that Dillwyn's latest annual appreciation rate is higher than 80% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$166,631

Dillwyn, VA HOME PRICES

Value Range
> $1,102,000 0.0
$827,001 - $1,102,000 0.0
$551,001 - $827,000 0.0
$441,001 - $551,000 2.0
$331,001 - $441,000 5.4
$221,001 - $331,000 20.3
$110,001 - $221,000 38.8
$55,001 - $110,000 18.7
$0 - $55,000 14.8

Average for VA
Average for Nation

Value Relative to Nation Value Relative to State
42.9421071135591 59.5567867036011

Number Of Homes And Apartments:
157

Dillwyn 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
70.27% 3.13% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$850 / per month

Homeownership Rate

Homeownership
Owners 53.54
Renters 46.46
Vacant 18.65

Housing Market Details

 

Age of Homes

AGE OF Dillwyn HOMES
2000 or Newer 15.5
1970 - 1999 43.5
1940 - 1969 26.4
1939 or Older 14.5

Types of Homes

TYPE OF Dillwyn HOMES
Single-Family 61.1
Townhomes 0.5
Small Apt. Buildings 6.7
Apt. Complexes 21.2
Mobile Homes 10.4
Other 0.0

Home Size

SIZE OF Dillwyn HOMES
No Bedroom 0.00
1 Bedroom 4.66
2 Bedrooms 40.41
3 Bedrooms 44.56
4 Bedrooms 8.81
5 or more bedrooms 1.55

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Zip Codes in Dillwyn, VA