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 about Scout's Real Estate Data
With 8,177 people, 4,117 houses or apartments, and a median cost of homes of $249,054, Wytheville 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 Wytheville, accounting for 60.44% of the town's housing units. Other types of housing that are prevalent in Wytheville include large apartment complexes or high rise apartments ( 19.79%), duplexes, homes converted to apartments or other small apartment buildings ( 8.84%), and a few mobile homes or trailers ( 6.25%).
The most prevalent building size and type in Wytheville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 50.16% owning and 49.84% renting.
There is a lot of housing in Wytheville 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 Wytheville built between 1940-1969 ( 28.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.94%). There's also some housing in Wytheville built before 1939 ( 13.29%).
Wytheville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wytheville during the period has been just 4.90%, which is lower than 70% of US communities.
Appreciation rates are so strong in Wytheville that despite a nationwide downturn in the housing market, Wytheville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wytheville 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 Wytheville. Wytheville appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.04%.
Importantly, this makes Wytheville 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 Wytheville's latest annual appreciation rate is lower than 50% of the other cities and towns in Virginia.
$249,054
for Virginia
for nation
4,117
$1,250 / per month