The Plains, VA—20198
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — The Plains, VA
As of Oct '25, the median home price in The Plains, VA is $922,000, with a year-over-year change of 2.0%. This indicates that home prices in The Plains, VA are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $922,000 | 2.0% |
| Single Family | $922,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $591,000 | 3.5% |
3 Bed | $759,000 | 3.3% |
4 Bed | $1,331,000 | 3.1% |
| 5 Bed | $2,556,000 | -3.3% |
% of Housing Stock
Rental Trends — The Plains, VA
As of July '25, Rentcast reports the average rent in The Plains, VA is $2,750, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in The Plains, VA is 2-bedrooms: $2,750, 3-bedrooms: $2,750. The most common rental property sizes in The Plains, VA are 2-bedroom and 1-bedroom, accounting for 55.7% and 17.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,750 | $2,750 |
| 3 Bed Rent | $2,750 | $2,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — The Plains, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in The Plains, VA is 96. This is a decrease of -58.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,150,000 | -40.0% |
Listing Count | 11 | 3.0% |
| Listings as % of Homes | 0.7% | 3.0% |
Days on Market | 96 | -58.0% |
Demographics — The Plains, VA
As of the latest ACS Survey released in 2023, The Plains, VA has a population of 2,180, which has remained stable by 0.1% over the past 5 years. The Plains, VA is a moderately popular place for families, as children make up 17.8% of the population. The area has a highly educated workforce, with 48.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,180 | 0.1% |
% Under 18 | 17.8% | -8.7% |
% Seniors | 26.5% | 3.1% |
% WFH | 21.7% | 274.1% |
% w/ College Degree | 48.7% | 32.3% |
As of the latest ACS Survey released in 2023, The Plains, VA is a predominantly white area, with 83.5% of the population identifying as white. The white population has grown by 4.5% in the last 5 years. The second most common race or ethnicity in The Plains, VA is hispanic, making up 14.0% of the population. Foreign-born residents account for 10.5% of the population in The Plains, VA, and this percentage has decreased by 5.4% 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 | 83.5% | 4.5% |
% Black | 1.0% | -63.0% |
% Hispanic | 14.0% | -11.4% |
% Asian | 0.5% | ∞% |
% Foreign Born | 10.5% | -5.4% |
Mortgage and Risk — The Plains, VA
According to HUD data as of 2023, there were 27 mortgage originations in The Plains, VA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in The Plains, VA. Investor activity is low, as 0.0% 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 | 27 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 19.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — The Plains, VA
The Plains, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,890 |
| 2 Bedroom | -$620 | $2,750 | $2,130 |
| 3 Bedroom | -$80 | $2,750 | $2,670 |
| 4 Bedroom | N/A | N/A | $3,140 |
Affordability — The Plains, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.3 |
| Median Home Price | $922,000 |
| Median Household Income | $82,000 |