Dewitt, VA—23840
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dewitt, VA
As of Oct '25, the median home price in Dewitt, VA is $284,000, with a year-over-year change of 0.5%. This indicates that home prices in Dewitt, VA are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $284,000 | 0.5% |
| Single Family | $284,000 | 0.7% |
| 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 | $278,000 | 1.1% |
4 Bed | $366,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Dewitt, VA
As of July '25, Rentcast reports the average rent in Dewitt, VA is $2,200, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Dewitt, VA is 3-bedrooms: $2,200. The most common rental property sizes in Dewitt, VA are 2-bedroom and 4-bedroom, accounting for 54.6% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dewitt, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Dewitt, VA is 30. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $443,000 | 92.0% |
Listing Count | 4 | -17.0% |
| Listings as % of Homes | 0.3% | -17.0% |
Days on Market | 30 | -22.0% |
Demographics — Dewitt, VA
As of the latest ACS Survey released in 2023, Dewitt, VA has a population of 1,590, which has decreased by -44.9% over the past 5 years. Dewitt, VA is a moderately popular place for families, as children make up 17.8% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,590 | -44.9% |
% Under 18 | 17.8% | -17.2% |
% Seniors | 29.9% | 278.5% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 14.6% | 21.7% |
As of the latest ACS Survey released in 2023, Dewitt, VA is a predominantly white area, with 79.1% of the population identifying as white. The white population has grown by 7.2% in the last 5 years. The second most common race or ethnicity in Dewitt, VA is black, making up 19.5% of the population. Foreign-born residents account for 2.6% of the population in Dewitt, VA, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.1% | 7.2% |
% Black | 19.5% | -13.3% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.6% | -66.7% |
% Foreign Born | 2.6% | ∞% |
Mortgage and Risk — Dewitt, VA
Dewitt, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Dewitt, VA
Dewitt, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,560 |
| 2 Bedroom | N/A | N/A | $1,730 |
| 3 Bedroom | -$10 | $2,200 | $2,190 |
| 4 Bedroom | N/A | N/A | $2,710 |
Affordability — Dewitt, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $284,000 |
| Median Household Income | $72,100 |