Spring Grove, VA—23881
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Grove, VA
Spring Grove, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $289,000 | 1.0% |
| Single Family | $289,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $341,000 | 2.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spring Grove, VA
As of July '25, Rentcast reports the average rent in Spring Grove, VA is $1,500, with a year-over-year rent change of -11.8%. Per bedroom, the median rent as of July '25 in Spring Grove, VA is 2-bedrooms: $1,500. The most common rental property sizes in Spring Grove, VA are 1-bedroom and 3-bedroom, accounting for 34.6% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Spring Grove, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Grove, VA is 70. This is a decrease of -45.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $458,000 | -17.0% |
Listing Count | 10 | 40.0% |
| Listings as % of Homes | 0.5% | 40.0% |
Days on Market | 70 | -45.0% |
Demographics — Spring Grove, VA
As of the latest ACS Survey released in 2023, Spring Grove, VA has a population of 2,330, which has increased by 14.7% over the past 5 years. Spring Grove, VA is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 34.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,330 | 14.7% |
% Under 18 | 22.2% | 6.2% |
% Seniors | 11.5% | -53.6% |
% WFH | 5.9% | ∞% |
% w/ College Degree | 34.6% | 113.6% |
As of the latest ACS Survey released in 2023, Spring Grove, VA is a predominantly white area, with 57.2% of the population identifying as white. The white population has grown by 23.0% in the last 5 years. The second most common race or ethnicity in Spring Grove, VA is black, making up 40.8% of the population. Foreign-born residents account for 0.9% of the population in Spring Grove, VA, and this percentage has increased by Inf% 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 | 57.2% | 23.0% |
% Black | 40.8% | -19.7% |
% Hispanic | 2.0% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.9% | ∞% |
Mortgage and Risk — Spring Grove, VA
Spring Grove, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Spring Grove, VA
Spring Grove, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,230 |
| 2 Bedroom | -$120 | $1,500 | $1,380 |
| 3 Bedroom | N/A | N/A | $1,770 |
| 4 Bedroom | N/A | N/A | $2,160 |
Affordability — Spring Grove, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $289,000 |
| Median Household Income | $99,500 |