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Dillwyn

Learn about the people, housing, costs and businesses in Dillwyn, Virginia

Median Home$211,300
Median Rent$1,047/month
Population427
Leading IndustriesEducation · Wholesale Trade · Finance & Insurance5% education
Home Value Growth⬆⬆+14.3% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners81% of occupied units
Dillwyn
VA

Frequently Asked Questions

What are today's mortgage rates in Dillwyn?

As of today, the 30-year fixed mortgage rate for Dillwyn is approximately 6.865% (6.900% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Dillwyn?

The median home value in Dillwyn is $211k. The median monthly rent is $1,047. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Dillwyn?

Home values in Dillwyn have increased 14.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Dillwyn?

Based on a typical all-in ownership cost of $973/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Dillwyn is $58k/year.

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What industries drive the economy in Dillwyn?

The largest employment sectors in Dillwyn are public administration (15%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.