menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Dillwyn, VA Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Dillwyn, VA Housing Market Trends

With 440 people, 220 houses or apartments, and a median cost of homes of $252,524, 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 81.55% of the town's housing units. Other types of housing that are prevalent in Dillwyn include large apartment complexes or high rise apartments ( 9.87%), mobile homes or trailers ( 6.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.72%).

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 61.79% owning and 38.21% 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 ( 24.89%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.75%). There's also some housing in Dillwyn built before 1939 ( 17.60%).

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 93.85%, which ranks in the top 40% nationwide. This equates to an annual average Dillwyn house appreciation rate of 6.84%.

Appreciation rates are so strong in Dillwyn that despite a nationwide downturn in the housing market, Dillwyn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dillwyn appreciation rates continue to be some of the highest in America, at 6.42%, which is higher than appreciation rates in 76.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dillwyn. Dillwyn appreciation rates in the latest quarter were at 2.37%, which equates to an annual appreciation rate of 9.84%.

Relative to Virginia, our data show that Dillwyn's latest annual appreciation rate is higher than 50% of the other cities and towns in Virginia.

Average Home Values

Median Home Value

$252,524

Dillwyn, VA Home Prices
> $1,556,000
$1,166,001 - $1,556,000
$778,001 - $1,166,000
$622,001 - $778,000
$467,001 - $622,000
$311,001 - $467,000
$156,001 - $311,000
$78,001 - $156,000
$0 - $78,000
0.0%
0.0%
0.0%
0.0%
1.3%
1.3%
2.3%
2.3%
10.7%
10.7%
28.7%
28.7%
26.6%
26.6%
13.4%
13.4%
17.0%
17.0%
0% 100.0%
% of Homes
Low

for Virginia

Average

for nation

Number of Homes And Apartments:

220

Dillwyn Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,989 / per month

Homeownership Rate

Owners
Renters
Vacant
61.8%
61.8%
38.2%
38.2%
5.6%
5.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.7%
22.7%
34.8%
34.8%
24.9%
24.9%
17.6%
17.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
81.5%
81.5%
0.0%
0.0%
1.7%
1.7%
9.9%
9.9%
6.9%
6.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
5.2%
5.2%
23.6%
23.6%
64.8%
64.8%
6.4%
6.4%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Dillwyn

Popular Communities Near Dillwyn, VA

Zip Codes in Dillwyn, VA