Carrollton, VA—23314
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carrollton, VA
As of Oct '25, the median home price in Carrollton, VA is $407,000, with a year-over-year change of 0.8%. This indicates that home prices in Carrollton, VA are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $407,000 | 0.8% |
| Single Family | $423,000 | 1.2% |
| Condos | $291,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $266,000 | 2.3% |
3 Bed | $382,000 | 3.5% |
4 Bed | $498,000 | 3.1% |
| 5 Bed | $620,000 | 2.1% |
% of Housing Stock
Rental Trends — Carrollton, VA
As of July '25, Rentcast reports the average rent in Carrollton, VA is $2,130, with a year-over-year rent change of 1.4%. Per bedroom, the median rent as of July '25 in Carrollton, VA is 1-bedrooms: $1,580, 2-bedrooms: $2,000, 3-bedrooms: $2,310, 4-bedrooms: $3,130. The most common rental property sizes in Carrollton, VA are 2-bedroom and 1-bedroom, accounting for 40.1% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,920 | $2,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,640 | $1,580 |
| 2 Bed Rent | $1,920 | $2,000 |
| 3 Bed Rent | $2,300 | $2,310 |
| 4 Bed Rent | $3,200 | $3,130 |
% of Rental Stock
Property Listings — Carrollton, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Carrollton, VA is 38. This is a decrease of -21.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -22.0% |
Listing Count | 42 | -37.0% |
| Listings as % of Homes | 0.7% | -37.0% |
Days on Market | 38 | -21.0% |
Demographics — Carrollton, VA
As of the latest ACS Survey released in 2023, Carrollton, VA has a population of 9,800, which has increased by 14.0% over the past 5 years. Carrollton, VA is a moderately popular place for families, as children make up 24.8% of the population. The area has a moderately educated workforce, with 39.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,800 | 14.0% |
% Under 18 | 24.8% | 4.2% |
% Seniors | 13.3% | -20.4% |
% WFH | 10.0% | 300.0% |
% w/ College Degree | 39.1% | 16.0% |
As of the latest ACS Survey released in 2023, Carrollton, VA is a predominantly white area, with 65.7% of the population identifying as white. The white population has shrunk by 12.5% in the last 5 years. The second most common race or ethnicity in Carrollton, VA is black, making up 20.5% of the population. Foreign-born residents account for 4.2% of the population in Carrollton, VA, and this percentage has decreased by 34.4% 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 | 65.7% | -12.5% |
% Black | 20.5% | 38.5% |
% Hispanic | 7.6% | 46.2% |
% Asian | 2.6% | 13.0% |
% Foreign Born | 4.2% | -34.4% |
Mortgage and Risk — Carrollton, VA
According to HUD data as of 2023, there were 300 mortgage originations in Carrollton, VA, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Carrollton, VA. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 300 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Carrollton, VA
As of 2024, the percent of homes in Carrollton, VA under the Section 8 program is 0.9%. 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 Carrollton, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,640 | $1,830 |
| 2 Bedroom | $170 | $1,920 | $2,090 |
| 3 Bedroom | $610 | $2,300 | $2,910 |
| 4 Bedroom | $260 | $3,200 | $3,460 |
Affordability — Carrollton, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $407,000 |
| Median Household Income | $111,000 |