Faber, VA—22938
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Faber, VA
As of Oct '25, the median home price in Faber, VA is $355,000, with a year-over-year change of 2.9%. This indicates that home prices in Faber, VA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $355,000 | 2.9% |
| Single Family | $355,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $293,000 | 2.1% |
3 Bed | $368,000 | 4.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Faber, VA
Faber, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Faber, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Faber, VA is 88. This is a decrease of -47.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $649,000 | -47.0% |
Listing Count | 9 | 211.0% |
| Listings as % of Homes | 1.0% | 211.0% |
Days on Market | 88 | -47.0% |
Demographics — Faber, VA
As of the latest ACS Survey released in 2023, Faber, VA has a population of 899, which has decreased by -33.4% over the past 5 years. Faber, VA is a moderately popular place for families, as children make up 18.9% 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 many residents working remotely, with 29.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 899 | -33.4% |
% Under 18 | 18.9% | 9.2% |
% Seniors | 25.4% | 51.2% |
% WFH | 29.2% | 906.9% |
% w/ College Degree | 46.5% | 55.5% |
As of the latest ACS Survey released in 2023, Faber, VA is a predominantly white area, with 88.4% of the population identifying as white. The white population has grown by 24.7% in the last 5 years. The second most common race or ethnicity in Faber, VA is black, making up 6.0% of the population. Foreign-born residents account for 1.2% of the population in Faber, VA, and this percentage has increased by 140.0% 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 | 88.4% | 24.7% |
% Black | 6.0% | -71.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.2% | 140.0% |
Mortgage and Risk — Faber, VA
Faber, 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 — Faber, VA
Faber, 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 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,280 |
| 2 Bedroom | $20 | $1,500 | $1,520 |
| 3 Bedroom | -$490 | $2,400 | $1,910 |
| 4 Bedroom | N/A | N/A | $2,350 |
Affordability — Faber, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $355,000 |
| Median Household Income | $95,800 |