McGaheysville, VA—22840
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McGaheysville, VA
As of Oct '25, the median home price in McGaheysville, VA is $421,000, with a year-over-year change of 4.0%. This indicates that home prices in McGaheysville, VA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $421,000 | 4.0% |
| Single Family | $423,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $398,000 | 3.1% |
4 Bed | $514,000 | 5.5% |
| 5 Bed | $612,000 | 7.0% |
% of Housing Stock
Rental Trends — McGaheysville, VA
As of July '25, Rentcast reports the average rent in McGaheysville, VA is $2,440, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in McGaheysville, VA is 2-bedrooms: $1,680, 3-bedrooms: $2,420, 4-bedrooms: $2,030. The most common rental property sizes in McGaheysville, VA are 3-bedroom and 2-bedroom, accounting for 52.7% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,700 | $1,680 |
| 3 Bed Rent | $2,500 | $2,420 |
| 4 Bed Rent | $1,950 | $2,030 |
% of Rental Stock
Property Listings — McGaheysville, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in McGaheysville, VA is 61. This is a increase of 34.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $457,000 | 5.0% |
Listing Count | 50 | 38.0% |
| Listings as % of Homes | 0.4% | 38.0% |
Days on Market | 61 | 34.0% |
Demographics — McGaheysville, VA
As of the latest ACS Survey released in 2023, McGaheysville, VA has a population of 5,230, which has increased by 19.9% over the past 5 years. McGaheysville, VA is a moderately popular place for families, as children make up 21.3% of the population. The area has a highly educated workforce, with 45.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,230 | 19.9% |
% Under 18 | 21.3% | -11.6% |
% Seniors | 18.9% | 7.4% |
% WFH | 7.3% | 231.8% |
% w/ College Degree | 45.3% | 8.9% |
As of the latest ACS Survey released in 2023, McGaheysville, VA is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 14.4% in the last 5 years. The second most common race or ethnicity in McGaheysville, VA is hispanic, making up 14.9% of the population. Foreign-born residents account for 11.6% of the population in McGaheysville, VA, and this percentage has increased by 197.4% 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 | 77.3% | -14.4% |
% Black | 1.8% | -58.1% |
% Hispanic | 14.9% | 217.0% |
% Asian | 5.3% | 2,550.0% |
% Foreign Born | 11.6% | 197.4% |
Mortgage and Risk — McGaheysville, VA
According to HUD data as of 2023, there were 147 mortgage originations in McGaheysville, VA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in McGaheysville, VA. Investor activity is low, as 9.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 147 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 9.0% |
% Second Loans | 22.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — McGaheysville, VA
McGaheysville, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 65 |
Total Units Section 8 | 65 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,550 |
| 2 Bedroom | $280 | $1,700 | $1,980 |
| 3 Bedroom | $180 | $2,500 | $2,680 |
| 4 Bedroom | $1,340 | $1,950 | $3,290 |
Affordability — McGaheysville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $421,000 |
| Median Household Income | $93,600 |