Wytheville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wytheville Neighborhoods Since 2000




Wytheville, VA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Wytheville Housing Market Information

With 8,115 people, 3,928 houses or apartments, and a median cost of homes of $161,572, 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 60.83% of the town's housing units. Other types of housing that are prevalent in Wytheville include large apartment complexes or high rise apartments ( 17.70%), duplexes, homes converted to apartments or other small apartment buildings ( 11.55%), and a few mobile homes or trailers ( 6.12%).

People in Wytheville primarily live in small (one, two or no bedroom) single-family detached homes. Wytheville has a mixture of owner-occupied and renter-occupied housing.

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 ( 30.23%). A lesser amount of the housing stock also hails from before 1939 ( 17.52%). There's also some housing in Wytheville built between 2000 and later ( 9.21%).

Vacant housing appears to be an issue in Wytheville. Fully 12.22% of the housing stock is classified as vacant. Left unchecked, vacant Wytheville homes and apartments can be a drag on the real estate market, holding Wytheville 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.

Wytheville Home Appreciation Rates

Real estate appreciation rates in Wytheville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.65% during the period.

Over the last year, Wytheville appreciation rates have trailed the rest of the nation. In the last twelve months, Wytheville's appreciation rate has been 1.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wytheville were at -1.60%, which equates to an annual appreciation rate of -6.23%.

Notably, Wytheville's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$161,572

Wytheville, VA HOME PRICES

Value Range
> $994,000 0.0
$745,001 - $994,000 0.1
$497,001 - $745,000 2.9
$397,001 - $497,000 1.7
$298,001 - $397,000 6.9
$199,001 - $298,000 16.6
$99,001 - $199,000 40.8
$50,001 - $99,000 21.6
$0 - $50,000 9.4

Low for VA
Average for Nation

Value Relative to Nation Value Relative to State
45.007617485058 61.218836565097

Number Of Homes And Apartments:
3,928

Wytheville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
39.19% 1.94% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$769 / per month

Homeownership Rate

Homeownership
Owners 52.99
Renters 47.01
Vacant 12.22

Housing Market Details

 

Age of Homes

AGE OF Wytheville HOMES
2000 or Newer 9.2
1970 - 1999 43.0
1940 - 1969 30.2
1939 or Older 17.5

Types of Homes

TYPE OF Wytheville HOMES
Single-Family 60.8
Townhomes 3.8
Small Apt. Buildings 11.6
Apt. Complexes 17.7
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Wytheville HOMES
No Bedroom 3.37
1 Bedroom 14.50
2 Bedrooms 35.08
3 Bedrooms 32.25
4 Bedrooms 11.82
5 or more bedrooms 2.97

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Zip Codes in Wytheville, VA