Boyce, VA—22620
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Boyce, VA
As of Oct '25, the median home price in Boyce, VA is $549,000, with a year-over-year change of 2.1%. This indicates that home prices in Boyce, VA are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $549,000 | 2.1% |
| Single Family | $550,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $371,000 | 0.5% |
3 Bed | $522,000 | 2.6% |
4 Bed | $651,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Boyce, VA
Boyce, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Boyce, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Boyce, VA is 43. This is a decrease of -42.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,120,000 | 58.0% |
Listing Count | 20 | 63.0% |
| Listings as % of Homes | 0.6% | 63.0% |
Days on Market | 43 | -42.0% |
Demographics — Boyce, VA
As of the latest ACS Survey released in 2023, Boyce, VA has a population of 2,650, which has increased by 4.5% over the past 5 years. Boyce, VA is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 42.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,650 | 4.5% |
% Under 18 | 18.8% | -7.4% |
% Seniors | 28.7% | 68.8% |
% WFH | 13.4% | 135.1% |
% w/ College Degree | 42.2% | 46.0% |
As of the latest ACS Survey released in 2023, Boyce, VA is a predominantly white area, with 83.4% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Boyce, VA is hispanic, making up 9.0% of the population. Foreign-born residents account for 8.3% of the population in Boyce, VA, and this percentage has increased by 654.5% 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 | 83.4% | -4.0% |
% Black | 2.2% | -62.1% |
% Hispanic | 9.0% | 275.0% |
% Asian | 0.2% | -66.7% |
% Foreign Born | 8.3% | 654.5% |
Mortgage and Risk — Boyce, VA
According to HUD data as of 2023, there were 51 mortgage originations in Boyce, VA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Boyce, VA. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Boyce, VA
Boyce, 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 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,470 |
| 2 Bedroom | N/A | N/A | $1,660 |
| 3 Bedroom | N/A | N/A | $2,080 |
| 4 Bedroom | N/A | N/A | $2,450 |
Affordability — Boyce, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $549,000 |
| Median Household Income | $112,000 |