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Hayes, VA—23072

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$371,000
3.6% YoY Growth
Household Income
$71,900
15.9% YoY Growth
Days on Market
30
42.0% Shorter YoY
Home Price Forecast
0.8%
Median Rent
$1,300
0.6% YoY Growth
1-Bed Rent
$1,000
14.7% YoY Growth
2-Bed Rent
$1,220
6.1% YoY Growth
3-Bed Rent
$2,400
0.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hayes, VA

As of May '26, the median home price in Hayes, VA is $371,000, with a year-over-year change of 3.6%. This indicates that home prices in Hayes, VA are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$371,0003.6%
Single Family $374,0004.5%
Condos $291,0007.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$272,0004.2%
    3 Bed
    		$368,0004.2%
    4 Bed
    		$471,0004.2%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.0%
    1 Bedroom
    3.6%
    2 Bedrooms
    24.5%
    3 Bedrooms
    51.5%
    4 Bedrooms
    16.1%
    5+ Bedrooms
    3.2%

    Rental Trends — Hayes, VA

    As of July '25, Rentcast reports the average rent in Hayes, VA is $1,750, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Hayes, VA is 1-bedrooms: $1,070, 2-bedrooms: $1,220, 3-bedrooms: $2,180, 4-bedrooms: $2,400. The most common rental property sizes in Hayes, VA are 2-bedroom and 3-bedroom, accounting for 47.4% and 30.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,300$1,750
    Studio Rent N/AN/A
    1 Bed Rent $1,000$1,070
    2 Bed Rent $1,220$1,220
    3 Bed Rent $2,400$2,180
    4 Bed Rent $1,000$2,400
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    % of Rental Stock

    Studio
    4.1%
    1 Bedroom
    8.4%
    2 Bedrooms
    47.4%
    3 Bedrooms
    30.3%
    4 Bedrooms
    9.9%

    Property Listings — Hayes, VA

    As of May '26, Realtor.com reports that the median days on market for a home in Hayes, VA is 30. This is a decrease of -42.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$433,000-17.0%
    Listing Count
    		56-6.0%
    Listings as % of Homes0.6%-6.0%
    Days on Market
    		30-42.0%
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    Demographics — Hayes, VA

    As of the latest ACS Survey released in 2023, Hayes, VA has a population of 13,100, which has increased by 11.9% over the past 5 years. Hayes, VA is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		13,10011.9%
    % Under 18
    		21.4%-1.8%
    % Seniors
    		19.6%8.9%
    % WFH
    		7.0%159.3%
    % w/ College Degree
    		22.7%9.1%
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    As of the latest ACS Survey released in 2023, Hayes, VA is a predominantly white area, with 79.8% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Hayes, VA is black, making up 10.3% of the population. Foreign-born residents account for 1.9% of the population in Hayes, VA, and this percentage has decreased by 26.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		79.8%-6.6%
    % Black
    		10.3%83.9%
    % Hispanic
    		4.7%-9.6%
    % Asian
    		1.1%83.3%
    % Foreign Born
    		1.9%-26.9%
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    Mortgage and Risk — Hayes, VA

    According to HUD data as of 2023, there were 363 mortgage originations in Hayes, VA, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Hayes, VA. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		363
    % Conventional Loans
    		66.0%
    % Government Loans
    		34.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Hayes, VA

    As of 2024, the percent of homes in Hayes, VA under the Section 8 program is 1.0%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Hayes, VA, because HUD payments exceed market rent, while 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		16
    Total Units Section 8
    		16
    % Rentals under Section 8
    		1.0%
    % Occupied Section 8
    		88.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$200$1,000$1,200
    2 Bedroom$150$1,220$1,370
    3 Bedroom-$490$2,400$1,910
    4 Bedroom$1,280$1,000$2,280

    Affordability — Hayes, VA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.5
    Median Home Price$371,000
    Median Household Income$71,900

    Hayes, VA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions