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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 5,217 people, 1,537 houses or apartments, and a median cost of homes of $213,955, Dumfries real estate prices are well above average cost compared to national prices.
Row houses and other attached homes are the single most common housing type in Dumfries, accounting for 41.53% of the town's housing units. Other types of housing that are prevalent in Dumfries include single-family detached homes ( 28.60%), mobile homes or trailers ( 19.91%), and a few large apartment complexes or high rise apartments ( 8.24%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
The most prevalent building size and type in Dumfries are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The town has a mixture of owners and renters, with 53.48% owning and 46.52% renting.
There is a lot of housing in Dumfries 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 Dumfries built between 1940-1969 ( 18.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.47%). There's also some housing in Dumfries built before 1939 ( 4.86%).
Vacant housing appears to be an issue in Dumfries. Fully 12.07% of the housing stock is classified as vacant. Left unchecked, vacant Dumfries homes and apartments can be a drag on the real estate market, holding Dumfries 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.
Homes have actually lost value in Dumfries over the last then years, as home values have seen a decline of 22.99% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Dumfries home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.
NeighborhoodScout's data show that during the latest twelve months, Dumfries's appreciation rate, at 4.76%, has been at or slightly above the national average. In the latest quarter, Dumfries's appreciation rate has been -0.17%, which annualizes to a rate of -0.70%.
Relative to Virginia, our data show that Dumfries's latest annual appreciation rate is higher than 80% of the other cities and towns in Virginia.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Dumfries differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dumfries - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Dumfries real estate investment or home purchase decisions.
|$856,001 - $1,141,000||0.0|
|$571,001 - $856,000||4.9|
|$456,001 - $571,000||10.6|
|$343,001 - $456,000||10.4|
|$228,001 - $343,000||20.7|
|$114,001 - $228,000||44.2|
|$57,001 - $114,000||3.4|
|$0 - $57,000||5.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Dumfries HOMES|
|2000 or Newer||10.5|
|1970 - 1999||65.7|
|1940 - 1969||18.9|
|1939 or Older||4.9|
|TYPE OF Dumfries HOMES|
|Small Apt. Buildings||1.7|
|SIZE OF Dumfries HOMES|
|5 or more bedrooms||3.55|