Dunbar WV
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



map preview
Please wait, loading your map...

Highest
Lowest




Dunbar, WV 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Dunbar Housing Market Information

With 7,205 people, 3,703 houses or apartments, and a median cost of homes of $107,011, the cost of homes in Dunbar is among some of the lowest in the nation. Compared to West Virginia, however, Dunbar real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Dunbar, accounting for 69.43% of the city's housing units. Other types of housing that are prevalent in Dunbar include large apartment complexes or high rise apartments ( 17.44%), duplexes, homes converted to apartments or other small apartment buildings ( 7.53%), and a few row houses and other attached homes ( 5.10%).

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 58.46% of the city's housing hails from this era. Other housing ages represented in Dunbar include homes built between 1970-1999 ( 30.09%) and housing constructed before 1939 ( 9.00%). There's also some housing in Dunbar built between 2000 and later ( 2.45%).

Vacant housing appears to be an issue in Dunbar. Fully 16.03% 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.

Dunbar Home Appreciation Rates

Dunbar's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dunbar during the period has been just 1.53%, which is lower than 70% of US communities.

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 7.04%, which is higher than appreciation rates in 76.39% 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 1.79%, which equates to an annual appreciation rate of 7.35%.

Relative to West Virginia, our data show that Dunbar's latest annual appreciation rate is higher than 90% of the other cities and towns in West Virginia.

Average Home Values

 

Median Home Value:
$107,011

Dunbar, WV HOME PRICES

Value Range
> $1,095,000 0.3
$821,001 - $1,095,000 0.3
$547,001 - $821,000 0.0
$438,001 - $547,000 0.4
$329,001 - $438,000 1.5
$219,001 - $329,000 5.3
$109,001 - $219,000 35.7
$55,001 - $109,000 46.5
$0 - $55,000 10.1

Average for WV
Very Low for Nation

Value Relative to Nation Value Relative to State
82.1605839416058 53.8461538461538

Number Of Homes And Apartments:
3,703

Dunbar Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WV*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
28.07% 1.23%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,039 / per month

Homeownership Rate

Homeownership
Owners 55.07
Renters 44.93
Vacant 16.03

Housing Market Details

 

Age of Homes

AGE OF Dunbar HOMES
2000 or Newer 2.4
1970 - 1999 30.1
1940 - 1969 58.5
1939 or Older 9.0

Types of Homes

TYPE OF Dunbar HOMES
Single-Family 69.4
Townhomes 5.1
Small Apt. Buildings 7.5
Apt. Complexes 17.4
Mobile Homes 0.3
Other 0.2

Home Size

SIZE OF Dunbar HOMES
No Bedroom 5.74
1 Bedroom 9.12
2 Bedrooms 40.75
3 Bedrooms 37.94
4 Bedrooms 6.12
5 or more bedrooms 0.34