Bumpass, VA—23024
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bumpass, VA
Bumpass, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $434,000 | 3.3% |
| Single Family | $434,000 | 3.1% |
| 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 | 1.0% |
3 Bed | $398,000 | 3.1% |
4 Bed | $643,000 | 3.4% |
| 5 Bed | $1,283,000 | 6.6% |
% of Housing Stock
Rental Trends — Bumpass, VA
As of July '25, Rentcast reports the average rent in Bumpass, VA is $2,800, with a year-over-year rent change of 12.9%. Per bedroom, the median rent as of July '25 in Bumpass, VA is 1-bedrooms: $2,320, 2-bedrooms: $1,500, 3-bedrooms: $2,580. The most common rental property sizes in Bumpass, VA are 3-bedroom and 2-bedroom, accounting for 56.6% and 37.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $2,320 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $2,500 | $2,580 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bumpass, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bumpass, VA is 59. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $696,000 | 9.0% |
Listing Count | 84 | 40.0% |
| Listings as % of Homes | 0.8% | 40.0% |
Days on Market | 59 | -1.0% |
Demographics — Bumpass, VA
As of the latest ACS Survey released in 2023, Bumpass, VA has a population of 10,800, which has increased by 28.5% over the past 5 years. Bumpass, VA is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 32.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | 28.5% |
% Under 18 | 21.4% | -1.8% |
% Seniors | 17.3% | -3.4% |
% WFH | 14.1% | 76.2% |
% w/ College Degree | 32.9% | 51.6% |
As of the latest ACS Survey released in 2023, Bumpass, VA is a predominantly white area, with 86.9% of the population identifying as white. The white population has grown by 6.5% in the last 5 years. The second most common race or ethnicity in Bumpass, VA is black, making up 5.6% of the population. Foreign-born residents account for 2.9% of the population in Bumpass, VA, and this percentage has decreased by 27.5% 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 | 86.9% | 6.5% |
% Black | 5.6% | -46.7% |
% Hispanic | 2.5% | 25.0% |
% Asian | 0.4% | -63.6% |
% Foreign Born | 2.9% | -27.5% |
Mortgage and Risk — Bumpass, VA
According to HUD data as of 2023, there were 398 mortgage originations in Bumpass, VA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Bumpass, VA. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 398 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Bumpass, VA
Bumpass, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$710 | $1,750 | $1,040 |
| 2 Bedroom | -$340 | $1,500 | $1,160 |
| 3 Bedroom | -$940 | $2,500 | $1,560 |
| 4 Bedroom | N/A | N/A | $1,790 |
Affordability — Bumpass, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $434,000 |
| Median Household Income | $96,700 |