Dillwyn, VA—23936
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dillwyn, VA
Dillwyn, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $240,000 | -3.4% |
| Single Family | $241,000 | -2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $267,000 | 5.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Dillwyn, VA
As of July '25, Rentcast reports the average rent in Dillwyn, VA is $1,000, with a year-over-year rent change of -10.7%. Per bedroom, the median rent as of July '25 in Dillwyn, VA is 2-bedrooms: $1,000. The most common rental property sizes in Dillwyn, VA are 3-bedroom and 2-bedroom, accounting for 43.4% and 40.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dillwyn, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Dillwyn, VA is 69. This is a increase of 75.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -8.0% |
Listing Count | 24 | 46.0% |
| Listings as % of Homes | 0.5% | 46.0% |
Days on Market | 69 | 75.0% |
Demographics — Dillwyn, VA
As of the latest ACS Survey released in 2023, Dillwyn, VA has a population of 6,990, which has decreased by -17.2% over the past 5 years. Dillwyn, VA is a less popular place for families, as children make up 13.8% of the population. The area has a poorly educated workforce, with 10.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,990 | -17.2% |
% Under 18 | 13.8% | -27.0% |
% Seniors | 20.3% | 35.3% |
% WFH | 8.3% | 53.7% |
% w/ College Degree | 10.3% | 8.4% |
As of the latest ACS Survey released in 2023, Dillwyn, VA is a predominantly white area, with 53.1% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Dillwyn, VA is black, making up 40.3% of the population. Foreign-born residents account for 1.9% of the population in Dillwyn, VA, and this percentage has decreased by 9.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.1% | -5.0% |
% Black | 40.3% | 6.1% |
% Hispanic | 1.4% | -65.9% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 1.9% | -9.5% |
Mortgage and Risk — Dillwyn, VA
According to HUD data as of 2023, there were 114 mortgage originations in Dillwyn, VA, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Dillwyn, VA. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 114 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Dillwyn, VA
Dillwyn, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 51 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | -$90 | $1,000 | $910 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Dillwyn, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $240,000 |
| Median Household Income | $55,600 |