Penn Laird, VA—22846
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Penn Laird, VA
As of Oct '25, the median home price in Penn Laird, VA is $479,000, with a year-over-year change of 4.5%. This indicates that home prices in Penn Laird, VA are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $479,000 | 4.5% |
| Single Family | $479,000 | 4.6% |
| 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 | $396,000 | 3.4% |
4 Bed | $528,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Penn Laird, VA
Penn Laird, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,400 |
| 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 | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Penn Laird, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Penn Laird, VA is 70. This is a increase of 114.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $640,000 | 56.0% |
Listing Count | 7 | 19.0% |
| Listings as % of Homes | 0.4% | 19.0% |
Days on Market | 70 | 114.0% |
Demographics — Penn Laird, VA
As of the latest ACS Survey released in 2023, Penn Laird, VA has a population of 1,730, which has decreased by -36.0% over the past 5 years. Penn Laird, VA is a popular place for families, as children make up 31.6% of the population. The area has a highly educated workforce, with 45.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,730 | -36.0% |
% Under 18 | 31.6% | 28.5% |
% Seniors | 15.2% | 6.3% |
% WFH | 9.8% | 226.7% |
% w/ College Degree | 45.8% | 26.5% |
As of the latest ACS Survey released in 2023, Penn Laird, VA is a predominantly white area, with 83.9% of the population identifying as white. The white population has shrunk by 11.4% in the last 5 years. The second most common race or ethnicity in Penn Laird, VA is hispanic, making up 7.8% of the population. Foreign-born residents account for 1.6% of the population in Penn Laird, VA, and this percentage has decreased by 51.5% 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 | 83.9% | -11.4% |
% Black | 0.3% | -66.7% |
% Hispanic | 7.8% | 143.8% |
% Asian | 4.9% | 308.3% |
% Foreign Born | 1.6% | -51.5% |
Mortgage and Risk — Penn Laird, VA
Penn Laird, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Penn Laird, VA
Penn Laird, 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 | 5.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,320 |
| 2 Bedroom | N/A | N/A | $1,690 |
| 3 Bedroom | N/A | N/A | $2,290 |
| 4 Bedroom | $410 | $2,400 | $2,810 |
Affordability — Penn Laird, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $479,000 |
| Median Household Income | $111,000 |