Highland Springs, VA—23075
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Highland Springs, VA
As of Oct '25, the median home price in Highland Springs, VA is $251,000, with a year-over-year change of 2.1%. This indicates that home prices in Highland Springs, VA are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 2.1% |
| Single Family | $253,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $209,000 | 3.5% |
3 Bed | $251,000 | 2.0% |
4 Bed | $310,000 | 2.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Highland Springs, VA
As of July '25, Rentcast reports the average rent in Highland Springs, VA is $1,690, with a year-over-year rent change of 9.0%. Per bedroom, the median rent as of July '25 in Highland Springs, VA is 2-bedrooms: $1,530, 3-bedrooms: $1,730. The most common rental property sizes in Highland Springs, VA are 3-bedroom and 2-bedroom, accounting for 44.4% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,620 | $1,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,530 |
| 3 Bed Rent | $1,620 | $1,730 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Highland Springs, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Highland Springs, VA is 70. This is a increase of 44.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $267,000 | 1.0% |
Listing Count | 29 | 25.0% |
| Listings as % of Homes | 0.6% | 25.0% |
Days on Market | 70 | 44.0% |
Demographics — Highland Springs, VA
As of the latest ACS Survey released in 2023, Highland Springs, VA has a population of 8,240, which has decreased by -12.2% over the past 5 years. Highland Springs, VA is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 21.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,240 | -12.2% |
% Under 18 | 22.5% | 3.7% |
% Seniors | 17.1% | 14.8% |
% WFH | 16.6% | 435.5% |
% w/ College Degree | 21.6% | 24.1% |
As of the latest ACS Survey released in 2023, Highland Springs, VA is a predominantly black area, with 62.6% of the population identifying as black. The black population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Highland Springs, VA is white, making up 29.0% of the population. Foreign-born residents account for 6.6% of the population in Highland Springs, VA, and this percentage has increased by 247.4% 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 | 29.0% | -14.2% |
% Black | 62.6% | 1.0% |
% Hispanic | 1.6% | -20.0% |
% Asian | 0.2% | ∞% |
% Foreign Born | 6.6% | 247.4% |
Mortgage and Risk — Highland Springs, VA
According to HUD data as of 2023, there were 156 mortgage originations in Highland Springs, VA, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Highland Springs, VA. Investor activity is low, as 6.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 156 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Highland Springs, VA
Highland Springs, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 235 |
Total Units Section 8 | 235 |
% Rentals under Section 8 | 19.2% |
% Occupied Section 8 | 88.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,440 |
| 2 Bedroom | $90 | $1,500 | $1,590 |
| 3 Bedroom | $390 | $1,620 | $2,010 |
| 4 Bedroom | N/A | N/A | $2,490 |
Affordability — Highland Springs, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $251,000 |
| Median Household Income | $50,900 |