Mineral, VA23117

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$449,000
3.3% YoY Growth
Median Household Income
$85,800
23.7% 5-Year Growth
Days on Market
98
78.0% Longer than last year
Home Price Forecast
N/A
Median Rent
$2,350
6.0% YoY Growth
1-Bed Rent
$1,700
N/A
2-Bed Rent
$1,400
N/A
3-Bed Rent
$2,450
0.9% YoY Growth

Property Listings — Mineral, VA

As of Oct '25, Realtor.com reports that the median days on market for a home in Mineral, VA is 98. This is a increase of 78.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$540,000-11.0%
Listing Count
13418.0%
Listings as % of Homes1.4%18.0%
Days on Market
9878.0%
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Demographics — Mineral, VA

As of the latest ACS Survey released in 2023, Mineral, VA has a population of 10,800, which has increased by 11.9% over the past 5 years. Mineral, VA is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 24.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.

MetricLatest CensusYoY % Change
Population
10,80011.9%
% Under 18
19.8%19.3%
% Seniors
24.2%4.8%
% WFH
8.7%74.0%
% w/ College Degree
24.3%-3.2%
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As of the latest ACS Survey released in 2023, Mineral, VA is a predominantly white area, with 73.8% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Mineral, VA is black, making up 16.5% of the population. Foreign-born residents account for 4.1% of the population in Mineral, VA, and this percentage has decreased by 4.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
73.8%-7.4%
% Black
16.5%29.9%
% Hispanic
3.4%-33.3%
% Asian
0.4%-60.0%
% Foreign Born
4.1%-4.7%
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Mortgage and Risk — Mineral, VA

According to HUD data as of 2023, there were 342 mortgage originations in Mineral, VA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Mineral, VA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
342
% Conventional Loans
69.0%
% Government Loans
31.0%
% Investor Loans
2.0%
% Second Loans
18.0%
% Cash Out Refinance
9.0%

Loan Activity

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Rentals and Section 8 — Mineral, VA

As of 2024, the percent of homes in Mineral, VA under the Section 8 program is 2.5%. 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 Mineral, VA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD
10
Total Units Section 8
10
% Rentals under Section 8
2.5%
% Occupied Section 8
N/A

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom-$640$1,700$1,060
2 Bedroom-$230$1,400$1,170
3 Bedroom-$850$2,450$1,600
4 Bedroom-$540$2,350$1,810

Affordability — Mineral, VA

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio4.6
Median Home Price$449,000
Median Household Income$85,800

Mineral, VA — ZIP Code Boundary Map

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Frequently Asked Questions