Dillwyn, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dillwyn, VA Real Estate Data


Dillwyn Housing Market Information

With 444 people, 186 houses or apartments, and a median cost of homes of $146,521, 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 71.04% of the town's housing units. Other types of housing that are prevalent in Dillwyn include large apartment complexes or high rise apartments ( 18.10%), mobile homes or trailers ( 6.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.07%).

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 43.06% owning and 56.94% 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 ( 37.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.48%). There's also some housing in Dillwyn built before 1939 ( 10.41%).

Vacant housing appears to be an issue in Dillwyn. Fully 15.84% 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

Real estate appreciation rates in Dillwyn's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.

NeighborhoodScout's data show that during the latest twelve months, Dillwyn's appreciation rate, at 5.36%, has been at or slightly above the national average. In the latest quarter, Dillwyn's appreciation rate has been 2.24%, which annualizes to a rate of 9.28%.

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:
$146,521

Dillwyn, VA HOME PRICES

Value Range
> $1,077,000 0.0
$808,001 - $1,077,000 0.0
$539,001 - $808,000 0.0
$431,001 - $539,000 2.1
$323,001 - $431,000 5.9
$215,001 - $323,000 20.1
$108,001 - $215,000 40.3
$54,001 - $108,000 12.6
$0 - $54,000 18.9

Low for VA
Average for Nation

Value Relative to Nation Value Relative to State
52.5150787609065 63.7119113573407

Number Of Homes And Apartments:
186

Rent & Ownership

 

Average Market Rent:
$863 / per month

Homeownership Rate

Homeownership
Owners 43.06
Renters 56.94
Vacant 15.84

Housing Market Details

 

Age of Homes

AGE OF Dillwyn HOMES
2000 or Newer 14.5
1970 - 1999 38.0
1940 - 1969 37.1
1939 or Older 10.4

Types of Homes

TYPE OF Dillwyn HOMES
Single-Family 71.0
Townhomes 0.5
Small Apt. Buildings 4.1
Apt. Complexes 18.1
Mobile Homes 6.3
Other 0.0

Home Size

SIZE OF Dillwyn HOMES
No Bedroom 0.00
1 Bedroom 3.17
2 Bedrooms 44.80
3 Bedrooms 45.25
4 Bedrooms 5.88
5 or more bedrooms 0.90

Dillwyn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
73.11% 3.28% 8 9
* 10 is highest

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