Afton, VA 22920 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Afton, VA—22920

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$432,000

3.2% YoY Growth

Household Income

$101,000

28.4% YoY Growth

Days on Market

19.0% Shorter YoY

Home Price Forecast

1.7%

Median Rent

$2,500

13.6% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$2,500

13.6% YoY Growth

Home Price Trends — Afton, VA

As of Dec '25, the median home price in Afton, VA is $432,000, with a year-over-year change of 3.2%. This indicates that home prices in Afton, VA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$432,000	3.2%
Single Family	$433,000	3.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Afton, VA

As of July '25, Rentcast reports the average rent in Afton, VA is $2,500, with a year-over-year rent change of 13.6%. Per bedroom, the median rent as of July '25 in Afton, VA is 3-bedrooms: $2,500. The most common rental property sizes in Afton, VA are 3-bedroom and 2-bedroom, accounting for 28.4% and 28.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,500
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$2,500	$2,500
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

3.7%

1 Bedroom

18.8%

2 Bedrooms

28.0%

3 Bedrooms

28.4%

4 Bedrooms

21.0%

Property Listings — Afton, VA

As of Dec '25, Realtor.com reports that the median days on market for a home in Afton, VA is 61. This is a decrease of -51.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$978,000	55.0%
Listing Count	19	47.0%
Listings as % of Homes	0.4%	47.0%
Days on Market	86	-19.0%

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Demographics — Afton, VA

As of the latest ACS Survey released in 2023, Afton, VA has a population of 3,740, which has increased by 3.7% over the past 5 years. Afton, VA is a less popular place for families, as children make up 12.1% of the population. The area has a highly educated workforce, with 46.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,740	3.7%
% Under 18	12.1%	-33.1%
% Seniors	31.3%	40.4%
% WFH	14.9%	79.5%
% w/ College Degree	46.5%	1.1%

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As of the latest ACS Survey released in 2023, Afton, VA is a predominantly white area, with 90.4% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Afton, VA is hispanic, making up 4.7% of the population. Foreign-born residents account for 0.9% of the population in Afton, VA, and this percentage has decreased by 71.9% 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	90.4%	-2.6%
% Black	2.7%	237.5%
% Hispanic	4.7%	62.1%
% Asian	0.2%	-81.8%
% Foreign Born	0.9%	-71.9%

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Mortgage and Risk — Afton, VA

According to HUD data as of 2023, there were 129 mortgage originations in Afton, VA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Afton, VA. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	129
% Conventional Loans	92.0%
% Government Loans	8.0%
% Investor Loans	2.0%
% Second Loans	4.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Afton, VA

Afton, VA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	0.7%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,300
2 Bedroom	N/A	N/A	$1,520
3 Bedroom	-$590	$2,500	$1,910
4 Bedroom	N/A	N/A	$2,350

Afton, VA—22920

Key Metrics at a Glance

Home Price Trends — Afton, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Afton, VA

% of Rental Stock

Property Listings — Afton, VA

Demographics — Afton, VA

Race and Ethnicity

Mortgage and Risk — Afton, VA

Mortgages

Rentals and Section 8 — Afton, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Afton, VA

Home Price to Income Ratio

Afton, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Greenwood, VA

Wintergreen, VA

Faber, VA

Covesville, VA

Waynesboro, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$432,000
Median Household Income	$101,000

Afton, VA—22920

Key Metrics at a Glance

Home Price Trends — Afton, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Afton, VA

% of Rental Stock

Property Listings — Afton, VA

Demographics — Afton, VA

Race and Ethnicity

Mortgage and Risk — Afton, VA

Mortgages

Rentals and Section 8 — Afton, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Afton, VA

Home Price to Income Ratio

Afton, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Greenwood, VA

Wintergreen, VA

Faber, VA

Covesville, VA

Waynesboro, VA

Frequently Asked Questions

What is the average home price in Afton, VA 22920?

How have home prices in Afton, VA 22920 changed over the past year?

What is the home price projection for Afton, VA 22920?

What are the demographics of Afton, VA 22920?

How long does it take homes to sell in Afton, VA 22920?

What is the average rent price in Afton, VA 22920?