HILLSVILLE HOUSING MARKET INFORMATION With a population of 2,856, 999 total housing units (homes and apartments), and a median house value of $162,772, house prices in Hillsville are some of the most affordable in Virginia as well as the nation. Single-family detached homes are the single most common housing type in Hillsville, accounting for 70.45% of the town's housing units. Other types of housing that are prevalent in Hillsville include large apartment complexes or high rise apartments ( 14.90%), mobile homes or trailers ( 9.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.26%). The most prevalent building size and type in Hillsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.90% owning and 44.10% renting. There is a lot of housing in Hillsville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hillsville built between 1940-1969 ( 35.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.26%). There's also some housing in Hillsville built before 1939 ( 8.83%). Vacant housing appears to be an issue in Hillsville. Fully 19.11% of the housing stock is classified as vacant. Left unchecked, vacant Hillsville homes and apartments can be a drag on the real estate market, holding Hillsville 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. HILLSVILLE HOME APPRECIATION RATES Hillsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hillsville during the period has been just 5.94%, which is lower than 70% of US communities. Over the last year, Hillsville appreciation rates have trailed the rest of the nation. In the last twelve months, Hillsville's appreciation rate has been 6.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in Hillsville were at -1.03%, which equates to an annual appreciation rate of -4.04%. Notably, Hillsville's appreciation rate in the latest quarter is one of the lowest in America. Relative to Virginia, our data show that Hillsville's latest annual appreciation rate is lower than 80% of the other cities and towns in Virginia.