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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.



Dry Fork, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Dry Fork, VA Housing Market Trends

With a population of 7,127, 2,980 total housing units (homes and apartments), and a median house value of $276,069, Dry Fork 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 Dry Fork, accounting for 81.55% of the town's housing units. Other types of housing that are prevalent in Dry Fork include mobile homes or trailers ( 16.41%), duplexes, homes converted to apartments or other small apartment buildings ( 1.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dry Fork. Owner-occupied housing accounts for 83.16% of Dry Fork's homes, and 77.28% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Dry Fork 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 Dry Fork built between 1940-1969 ( 16.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.02%). There's also some housing in Dry Fork built before 1939 ( 5.52%).

Vacant housing appears to be an issue in Dry Fork. Fully 13.17% of the housing stock is classified as vacant. Left unchecked, vacant Dry Fork homes and apartments can be a drag on the real estate market, holding Dry Fork 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.

Dry Fork Home Appreciation Rates

Appreciation rates for homes in Dry Fork have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.67%, which ranks in the top 50% nationwide. This equates to an annual average Dry Fork house appreciation rate of 6.33%.

Appreciation rates are so strong in Dry Fork that despite a nationwide downturn in the housing market, Dry Fork real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dry Fork appreciation rates continue to be some of the highest in America, at 7.71%, which is higher than appreciation rates in 80.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dry Fork. Dry Fork appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.04%.

Importantly, this makes Dry Fork one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

Median Home Value

$276,069

Dry Fork, VA Home Prices
> $1,525,000
$1,144,001 - $1,525,000
$763,001 - $1,144,000
$610,001 - $763,000
$457,001 - $610,000
$305,001 - $457,000
$153,001 - $305,000
$76,001 - $153,000
$0 - $76,000
1.0%
1.0%
0.5%
0.5%
2.6%
2.6%
2.7%
2.7%
7.5%
7.5%
23.7%
23.7%
38.4%
38.4%
18.5%
18.5%
5.1%
5.1%
0% 100.0%
% of Homes
Average

for Virginia

Average

for nation

Number of Homes And Apartments:

2,980

Dry Fork Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,650 / per month

Homeownership Rate

Owners
Renters
83.2%
83.2%
16.8%
16.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.2%
13.2%
86.8%
86.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.0%
16.0%
61.7%
61.7%
16.7%
16.7%
5.5%
5.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
81.6%
81.6%
0.3%
0.3%
1.1%
1.1%
0.6%
0.6%
16.4%
16.4%
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
0.3%
0.3%
2.6%
2.6%
18.7%
18.7%
63.9%
63.9%
13.4%
13.4%
1.1%
1.1%
0% 100.0%
% of Homes

Popular Neighborhoods in Dry Fork

Popular Communities Near Dry Fork, VA

Zip Codes in Dry Fork, VA