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 7,205 people, 3,757 houses or apartments, and a median cost of homes of $108,303, house prices in Dunbar are solidly below the national average.
Single-family detached homes are the single most common housing type in Dunbar, accounting for 71.36% of the city's housing units. Other types of housing that are prevalent in Dunbar include large apartment complexes or high rise apartments ( 17.26%), duplexes, homes converted to apartments or other small apartment buildings ( 7.34%), and a few row houses and other attached homes ( 3.41%).
People in Dunbar primarily live in small (one, two or no bedroom) single-family detached homes. Dunbar has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Dunbar's housing was primarily built during this period, from the '40s through the '60s. A full 57.51% of the city's housing hails from this era. Other housing ages represented in Dunbar include homes built between 1970-1999 ( 28.12%) and housing constructed before 1939 ( 11.66%). There's also some housing in Dunbar built between 2000 and later ( 2.71%).
Vacant housing appears to be an issue in Dunbar. Fully 15.13% of the housing stock is classified as vacant. Left unchecked, vacant Dunbar homes and apartments can be a drag on the real estate market, holding Dunbar 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.
Real estate appreciation rates in Dunbar's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.25% during the period.
Appreciation rates are so strong in Dunbar that despite a nationwide downturn in the housing market, Dunbar real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dunbar appreciation rates continue to be some of the highest in America, at 9.59%, which is higher than appreciation rates in 97.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dunbar. Dunbar appreciation rates in the latest quarter were at 0.25%, which equates to an annual appreciation rate of 0.99%.
Notably, Dunbar's appreciation rate in the latest quarter is one of the lowest in America.
Relative to West Virginia, our data show that Dunbar's latest annual appreciation rate is higher than 80% of the other cities and towns in West Virginia.
|$823,001 - $1,097,000||0.7|
|$548,001 - $823,000||0.0|
|$439,001 - $548,000||0.4|
|$329,001 - $439,000||1.5|
|$219,001 - $329,000||5.2|
|$109,001 - $219,000||37.0|
|$55,001 - $109,000||46.3|
|$0 - $55,000||8.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Dunbar HOMES|
|2000 or Newer||2.7|
|1970 - 1999||28.1|
|1940 - 1969||57.5|
|1939 or Older||11.7|
|TYPE OF Dunbar HOMES|
|Small Apt. Buildings||7.3|
|SIZE OF Dunbar HOMES|
|5 or more bedrooms||1.72|