Culpeper, VA—22701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Culpeper, VA
As of Oct '25, the median home price in Culpeper, VA is $441,000, with a year-over-year change of 3.1%. This indicates that home prices in Culpeper, VA are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $441,000 | 3.1% |
| Single Family | $443,000 | 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 | $291,000 | 1.4% |
3 Bed | $397,000 | 3.1% |
4 Bed | $519,000 | 3.2% |
| 5 Bed | $578,000 | 3.0% |
% of Housing Stock
Rental Trends — Culpeper, VA
As of July '25, Rentcast reports the average rent in Culpeper, VA is $1,880, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in Culpeper, VA is studios: $1,600, 1-bedrooms: $1,460, 2-bedrooms: $1,500, 3-bedrooms: $1,960, 4-bedrooms: $2,780. The most common rental property sizes in Culpeper, VA are 3-bedroom and 2-bedroom, accounting for 41.6% and 39.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,880 |
| Studio Rent | $1,600 | $1,600 |
| 1 Bed Rent | $1,450 | $1,460 |
| 2 Bed Rent | $1,450 | $1,500 |
| 3 Bed Rent | $1,940 | $1,960 |
| 4 Bed Rent | $2,800 | $2,780 |
% of Rental Stock
Property Listings — Culpeper, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Culpeper, VA is 43. This is a increase of 14.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $554,000 | -5.0% |
Listing Count | 163 | 56.0% |
| Listings as % of Homes | 0.5% | 56.0% |
Days on Market | 43 | 14.0% |
Demographics — Culpeper, VA
As of the latest ACS Survey released in 2023, Culpeper, VA has a population of 37,600, which has increased by 7.1% over the past 5 years. Culpeper, VA is a popular place for families, as children make up 27.1% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,600 | 7.1% |
% Under 18 | 27.1% | 3.4% |
% Seniors | 15.1% | 7.9% |
% WFH | 9.5% | 187.9% |
% w/ College Degree | 27.3% | 9.2% |
As of the latest ACS Survey released in 2023, Culpeper, VA is a predominantly white area, with 59.1% of the population identifying as white. The white population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Culpeper, VA is hispanic, making up 18.7% of the population. Foreign-born residents account for 12.4% of the population in Culpeper, VA, and this percentage has increased by 18.1% 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 | 59.1% | -11.9% |
% Black | 15.4% | 1.3% |
% Hispanic | 18.7% | 43.8% |
% Asian | 1.6% | 33.3% |
% Foreign Born | 12.4% | 18.1% |
Mortgage and Risk — Culpeper, VA
According to HUD data as of 2023, there were 790 mortgage originations in Culpeper, VA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Culpeper, VA. Investor activity is low, as 1.0% 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 | 790 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Culpeper, VA
As of 2024, the percent of homes in Culpeper, VA under the Section 8 program is 7.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Culpeper, VA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 316 |
Total Units Section 8 | 284 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 91.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$320 | $1,450 | $1,130 |
| 2 Bedroom | -$50 | $1,450 | $1,400 |
| 3 Bedroom | -$80 | $1,940 | $1,860 |
| 4 Bedroom | -$790 | $2,800 | $2,010 |
Affordability — Culpeper, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $441,000 |
| Median Household Income | $93,900 |