Tappahannock, VA—22560
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tappahannock, VA
Tappahannock, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $299,000 | 0.1% |
| Single Family | $296,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $222,000 | 0.9% |
3 Bed | $297,000 | 0.0% |
4 Bed | $399,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tappahannock, VA
As of July '25, Rentcast reports the average rent in Tappahannock, VA is $1,580, with a year-over-year rent change of 3.9%. Per bedroom, the median rent as of July '25 in Tappahannock, VA is 2-bedrooms: $1,400, 3-bedrooms: $1,760. The most common rental property sizes in Tappahannock, VA are 2-bedroom and 3-bedroom, accounting for 42.4% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,400 |
| 3 Bed Rent | $1,320 | $1,760 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Tappahannock, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Tappahannock, VA is 66. This is a increase of 32.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $376,000 | -2.0% |
Listing Count | 41 | -3.0% |
| Listings as % of Homes | 1.1% | -3.0% |
Days on Market | 66 | 32.0% |
Demographics — Tappahannock, VA
As of the latest ACS Survey released in 2023, Tappahannock, VA has a population of 6,520, which has increased by 1.1% over the past 5 years. Tappahannock, VA is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,520 | 1.1% |
% Under 18 | 20.9% | 3.5% |
% Seniors | 22.1% | 4.7% |
% WFH | 9.3% | 389.5% |
% w/ College Degree | 18.2% | -7.6% |
As of the latest ACS Survey released in 2023, Tappahannock, VA is a predominantly white area, with 46.5% of the population identifying as white. The white population has shrunk by 11.1% in the last 5 years. The second most common race or ethnicity in Tappahannock, VA is black, making up 45.9% of the population. Foreign-born residents account for 4.6% of the population in Tappahannock, VA, and this percentage has increased by 91.7% 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 | 46.5% | -11.1% |
% Black | 45.9% | 2.0% |
% Hispanic | 2.6% | 116.7% |
% Asian | 0.9% | 350.0% |
% Foreign Born | 4.6% | 91.7% |
Mortgage and Risk — Tappahannock, VA
According to HUD data as of 2023, there were 129 mortgage originations in Tappahannock, VA, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Tappahannock, VA. Investor activity is low, as 2.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 129 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Tappahannock, VA
Tappahannock, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 42 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | -$130 | $1,200 | $1,070 |
| 3 Bedroom | $180 | $1,320 | $1,500 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Tappahannock, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $299,000 |
| Median Household Income | $65,400 |