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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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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 7,190, 1,570 total housing units (homes and apartments), and a median house value of $214,587, 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 82.65% of the town's housing units. Other types of housing that are prevalent in Dry Fork include mobile homes or trailers ( 15.94%).

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 79.95% of Dry Fork's homes, and 77.75% 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 ( 15.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.96%). There's also some housing in Dry Fork built before 1939 ( 8.83%).

Vacant housing appears to be an issue in Dry Fork. Fully 13.82% 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

Dry Fork's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dry Fork during the period has been just 3.88%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Dry Fork's appreciation rate, at 15.70%, has been at or slightly above the national average. In the latest quarter, Dry Fork's appreciation rate has been 4.09%, which annualizes to a rate of 17.39%.

Relative to Virginia, our data show that Dry Fork's latest annual appreciation rate is higher than 60% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$214,587

Dry Fork, VA HOME PRICES

> $1,324,000
$993,001 - $1,324,000
$662,001 - $993,000
$529,001 - $662,000
$397,001 - $529,000
$265,001 - $397,000
$132,001 - $265,000
$66,001 - $132,000
$0 - $66,000
1.8%
1.8%
0.9%
0.9%
1.9%
1.9%
1.5%
1.5%
4.2%
4.2%
25.0%
25.0%
35.6%
35.6%
21.0%
21.0%
8.2%
8.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for VA

Value Relative To Nation

Number Of Homes And Apartments:
1,570

Dry Fork Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
76.66% 2.56%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,137 / per month

Homeownership Rate

Owners
Renters
Vacant
80.0%
80.0%
20.0%
20.0%
13.8%
13.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.0%
13.0%
62.3%
62.3%
15.9%
15.9%
8.8%
8.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
82.6%
82.6%
0.6%
0.6%
0.6%
0.6%
0.2%
0.2%
15.9%
15.9%
0.0%
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%
4.0%
4.0%
16.8%
16.8%
63.6%
63.6%
14.1%
14.1%
1.5%
1.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Dry Fork

Popular Communities Near Dry Fork, VA

Zip Codes in Dry Fork, VA