Glen Allen, VA—23059
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Glen Allen, VA
Home Price Trends — Glen Allen, VA
As of Oct '25, the median home price in Glen Allen, VA is $629,000, with a year-over-year change of 1.0%. This indicates that home prices in Glen Allen, VA are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $629,000 | 1.0% |
| Single Family | $660,000 | 1.2% |
| Condos | $464,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $200,000 | 2.0% |
2 Bed | $344,000 | 0.3% |
3 Bed | $469,000 | 0.2% |
4 Bed | $660,000 | 1.4% |
| 5 Bed | $889,000 | 1.1% |
% of Housing Stock
Rental Trends — Glen Allen, VA
As of July '25, Rentcast reports the average rent in Glen Allen, VA is $2,580, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Glen Allen, VA is 1-bedrooms: $1,550, 2-bedrooms: $1,850, 3-bedrooms: $2,550, 4-bedrooms: $3,140. The most common rental property sizes in Glen Allen, VA are 2-bedroom and 3-bedroom, accounting for 37.2% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,550 | $2,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,550 | $1,550 |
| 2 Bed Rent | $1,650 | $1,850 |
| 3 Bed Rent | $2,500 | $2,550 |
| 4 Bed Rent | $3,100 | $3,140 |
% of Rental Stock
Property Listings — Glen Allen, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Glen Allen, VA is 42. This is a decrease of -14.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $621,000 | -1.0% |
Listing Count | 151 | -29.0% |
| Listings as % of Homes | 1.0% | -29.0% |
Days on Market | 42 | -14.0% |
Demographics — Glen Allen, VA
As of the latest ACS Survey released in 2023, Glen Allen, VA has a population of 41,200, which has increased by 17.2% over the past 5 years. Glen Allen, VA is a popular place for families, as children make up 27.7% of the population. The area has a highly educated workforce, with 69.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,200 | 17.2% |
% Under 18 | 27.7% | 1.5% |
% Seniors | 12.9% | 11.2% |
% WFH | 31.5% | 293.8% |
% w/ College Degree | 69.6% | 9.3% |
As of the latest ACS Survey released in 2023, Glen Allen, VA is a predominantly white area, with 58.4% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Glen Allen, VA is asian, making up 25.0% of the population. Foreign-born residents account for 21.9% of the population in Glen Allen, VA, and this percentage has increased by 25.1% 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 | 58.4% | -9.2% |
% Black | 8.2% | -18.8% |
% Hispanic | 4.2% | 35.5% |
% Asian | 25.0% | 28.9% |
% Foreign Born | 21.9% | 25.1% |
Mortgage and Risk — Glen Allen, VA
According to HUD data as of 2023, there were 440 mortgage originations in Glen Allen, VA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Glen Allen, VA. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 440 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Glen Allen, VA
As of 2024, the percent of homes in Glen Allen, VA under the Section 8 program is 3.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Glen Allen, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 102 |
Total Units Section 8 | 102 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $530 | $1,550 | $2,080 |
| 2 Bedroom | $650 | $1,650 | $2,300 |
| 3 Bedroom | $410 | $2,500 | $2,910 |
| 4 Bedroom | $500 | $3,100 | $3,600 |
Affordability — Glen Allen, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $629,000 |
| Median Household Income | $154,000 |