Powhatan, VA—23139
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Powhatan, VA
As of Oct '25, the median home price in Powhatan, VA is $466,000, with a year-over-year change of 5.2%. This indicates that home prices in Powhatan, 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 | $466,000 | 5.2% |
| Single Family | $466,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $334,000 | 4.7% |
3 Bed | $408,000 | 5.2% |
4 Bed | $586,000 | 5.2% |
| 5 Bed | $755,000 | 4.6% |
% of Housing Stock
Rental Trends — Powhatan, VA
As of July '25, Rentcast reports the average rent in Powhatan, VA is $2,340, with a year-over-year rent change of 14.1%. Per bedroom, the median rent as of July '25 in Powhatan, VA is 2-bedrooms: $2,000, 3-bedrooms: $1,800, 4-bedrooms: $2,630. The most common rental property sizes in Powhatan, VA are 2-bedroom and 3-bedroom, accounting for 39.3% and 38.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,340 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | $2,900 | $2,630 |
% of Rental Stock
Property Listings — Powhatan, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Powhatan, VA is 33. This is a increase of 10.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $645,000 | -1.0% |
Listing Count | 142 | 41.0% |
| Listings as % of Homes | 1.1% | 41.0% |
Days on Market | 33 | 10.0% |
Demographics — Powhatan, VA
As of the latest ACS Survey released in 2023, Powhatan, VA has a population of 27,100, which has increased by 11.9% over the past 5 years. Powhatan, VA is a moderately popular place for families, as children make up 18.7% of the population. The area has a moderately educated workforce, with 34.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,100 | 11.9% |
% Under 18 | 18.7% | -3.6% |
% Seniors | 19.4% | 9.0% |
% WFH | 19.3% | 107.5% |
% w/ College Degree | 34.7% | 18.8% |
As of the latest ACS Survey released in 2023, Powhatan, VA is a predominantly white area, with 86.2% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Powhatan, VA is black, making up 7.7% of the population. Foreign-born residents account for 3.1% of the population in Powhatan, VA, and this percentage has increased by 40.9% 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 | 86.2% | -3.4% |
% Black | 7.7% | 6.9% |
% Hispanic | 2.7% | 28.6% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 3.1% | 40.9% |
Mortgage and Risk — Powhatan, VA
According to HUD data as of 2023, there were 702 mortgage originations in Powhatan, VA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Powhatan, VA. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 702 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Powhatan, VA
Powhatan, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 1.0% |
% 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 | -$350 | $2,000 | $1,650 |
| 3 Bedroom | $290 | $1,800 | $2,090 |
| 4 Bedroom | -$320 | $2,900 | $2,580 |
Affordability — Powhatan, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $466,000 |
| Median Household Income | $109,000 |