Lanexa, VA—23089
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lanexa, VA
As of Oct '25, the median home price in Lanexa, VA is $424,000, with a year-over-year change of 5.0%. This indicates that home prices in Lanexa, VA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $424,000 | 5.0% |
| Single Family | $424,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $295,000 | 3.9% |
3 Bed | $419,000 | 4.8% |
4 Bed | $609,000 | 8.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lanexa, VA
As of July '25, Rentcast reports the average rent in Lanexa, VA is $2,160, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Lanexa, VA is 2-bedrooms: $2,000, 3-bedrooms: $2,150, 4-bedrooms: $2,250. The most common rental property sizes in Lanexa, VA are 3-bedroom and 2-bedroom, accounting for 37.0% and 34.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | $2,100 | $2,150 |
| 4 Bed Rent | $2,000 | $2,250 |
% of Rental Stock
Property Listings — Lanexa, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lanexa, VA is 52. This is a increase of 38.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $610,000 | -15.0% |
Listing Count | 30 | -13.0% |
| Listings as % of Homes | 0.5% | -13.0% |
Days on Market | 52 | 38.0% |
Demographics — Lanexa, VA
As of the latest ACS Survey released in 2023, Lanexa, VA has a population of 4,810, which has decreased by -10.4% over the past 5 years. Lanexa, VA is a moderately popular place for families, as children make up 15.7% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,810 | -10.4% |
% Under 18 | 15.7% | -31.7% |
% Seniors | 22.9% | 9.0% |
% WFH | 14.7% | 153.4% |
% w/ College Degree | 27.7% | 8.6% |
As of the latest ACS Survey released in 2023, Lanexa, VA is a predominantly white area, with 77.0% of the population identifying as white. The white population has shrunk by 11.5% in the last 5 years. The second most common race or ethnicity in Lanexa, VA is black, making up 14.9% of the population. Foreign-born residents account for 3.3% of the population in Lanexa, VA, and this percentage has increased by 43.5% 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 | 77.0% | -11.5% |
% Black | 14.9% | 93.5% |
% Hispanic | 2.3% | 109.1% |
% Asian | 0.5% | -64.3% |
% Foreign Born | 3.3% | 43.5% |
Mortgage and Risk — Lanexa, VA
Lanexa, 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 — Lanexa, VA
Lanexa, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,490 |
| 2 Bedroom | -$340 | $2,000 | $1,660 |
| 3 Bedroom | $60 | $2,100 | $2,160 |
| 4 Bedroom | $640 | $2,000 | $2,640 |
Affordability — Lanexa, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $424,000 |
| Median Household Income | $103,000 |