McKenney, VA—23872
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McKenney, VA
As of Oct '25, the median home price in McKenney, VA is $259,000, with a year-over-year change of 0.8%. This indicates that home prices in McKenney, VA are flat. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $259,000 | 0.8% |
| Single Family | $259,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $180,000 | -6.2% |
3 Bed | $259,000 | 1.2% |
4 Bed | $321,000 | 0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — McKenney, VA
McKenney, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,500 | $1,850 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — McKenney, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in McKenney, VA is 41. This is a decrease of -51.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $322,000 | -4.0% |
Listing Count | 11 | 55.0% |
| Listings as % of Homes | 1.0% | 55.0% |
Days on Market | 41 | -51.0% |
Demographics — McKenney, VA
As of the latest ACS Survey released in 2023, McKenney, VA has a population of 2,510, which has decreased by -8.9% over the past 5 years. McKenney, VA is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 9.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,510 | -8.9% |
% Under 18 | 23.5% | 30.6% |
% Seniors | 15.7% | -21.1% |
% WFH | 20.9% | 10,350.0% |
% w/ College Degree | 9.6% | -47.3% |
As of the latest ACS Survey released in 2023, McKenney, VA is a predominantly white area, with 61.8% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in McKenney, VA is black, making up 35.0% of the population. Foreign-born residents account for 1.0% of the population in McKenney, VA, and this percentage has increased by 25.0% 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 | 61.8% | -1.1% |
% Black | 35.0% | 4.5% |
% Hispanic | 1.2% | 1,100.0% |
% Asian | 0.5% | -28.6% |
% Foreign Born | 1.0% | 25.0% |
Mortgage and Risk — McKenney, VA
According to HUD data as of 2023, there were 64 mortgage originations in McKenney, VA, of which 38.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in McKenney, VA. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 38.0% |
% Government Loans | 62.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — McKenney, VA
McKenney, 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 | 4.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,250 |
| 2 Bedroom | N/A | N/A | $1,380 |
| 3 Bedroom | $270 | $1,500 | $1,770 |
| 4 Bedroom | N/A | N/A | $2,160 |
Affordability — McKenney, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $259,000 |
| Median Household Income | $75,300 |