West Point, VA—23181
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Point, VA
As of Oct '25, the median home price in West Point, VA is $322,000, with a year-over-year change of 1.3%. This indicates that home prices in West Point, 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 | $322,000 | 1.3% |
| Single Family | $322,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $226,000 | 0.9% |
3 Bed | $318,000 | 1.3% |
4 Bed | $383,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Point, VA
As of July '25, Rentcast reports the average rent in West Point, VA is $1,590, with a year-over-year rent change of -20.5%. Per bedroom, the median rent as of July '25 in West Point, VA is 2-bedrooms: $1,250, 3-bedrooms: $1,700. The most common rental property sizes in West Point, VA are 2-bedroom and 3-bedroom, accounting for 50.4% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,590 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,250 | $1,250 |
| 3 Bed Rent | $1,750 | $1,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — West Point, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in West Point, VA is 53. This is a decrease of -27.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $362,000 | 21.0% |
Listing Count | 33 | 43.0% |
| Listings as % of Homes | 1.1% | 43.0% |
Days on Market | 53 | -27.0% |
Demographics — West Point, VA
As of the latest ACS Survey released in 2023, West Point, VA has a population of 5,390, which has increased by 1.9% over the past 5 years. West Point, VA is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,390 | 1.9% |
% Under 18 | 22.5% | 21.0% |
% Seniors | 18.3% | -8.5% |
% WFH | 14.9% | 831.2% |
% w/ College Degree | 27.3% | 17.7% |
As of the latest ACS Survey released in 2023, West Point, VA is a predominantly white area, with 78.9% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in West Point, VA is black, making up 10.2% of the population. Foreign-born residents account for 1.7% of the population in West Point, VA, and this percentage has decreased by 66.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.9% | -1.9% |
% Black | 10.2% | -1.9% |
% Hispanic | 5.3% | 76.7% |
% Asian | 0.9% | -64.0% |
% Foreign Born | 1.7% | -66.7% |
Mortgage and Risk — West Point, VA
According to HUD data as of 2023, there were 136 mortgage originations in West Point, VA, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in West Point, VA. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 136 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — West Point, VA
West Point, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,440 |
| 2 Bedroom | $340 | $1,250 | $1,590 |
| 3 Bedroom | $260 | $1,750 | $2,010 |
| 4 Bedroom | N/A | N/A | $2,490 |
Affordability — West Point, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $322,000 |
| Median Household Income | $94,500 |