Callaway, VA—24067
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Callaway, VA
As of Oct '25, the median home price in Callaway, VA is $306,000, with a year-over-year change of 2.2%. This indicates that home prices in Callaway, VA are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $306,000 | 2.3% |
| Single Family | $306,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | -0.4% |
3 Bed | $303,000 | 2.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Callaway, VA
Callaway, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Callaway, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Callaway, VA is 36. This is a decrease of -5.0% 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 | $606,000 | 30.0% |
Listing Count | 10 | 87.0% |
| Listings as % of Homes | 0.4% | 87.0% |
Days on Market | 36 | -5.0% |
Demographics — Callaway, VA
As of the latest ACS Survey released in 2023, Callaway, VA has a population of 2,220, which has decreased by -7.2% over the past 5 years. Callaway, VA is a popular place for families, as children make up 28.4% of the population. The area has a poorly educated workforce, with 8.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,220 | -7.2% |
% Under 18 | 28.4% | 10.9% |
% Seniors | 14.9% | -20.3% |
% WFH | 23.9% | 68.3% |
% w/ College Degree | 8.3% | -50.6% |
As of the latest ACS Survey released in 2023, Callaway, VA is a predominantly white area, with 99.7% of the population identifying as white. The white population has grown by 11.1% in the last 5 years. The second most common race or ethnicity in Callaway, VA is black, making up 0.0% of the population. Foreign-born residents account for 1.0% of the population in Callaway, VA, and this percentage has decreased by 71.4% 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 | 99.7% | 11.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.0% | -71.4% |
Mortgage and Risk — Callaway, VA
According to HUD data as of 2023, there were 64 mortgage originations in Callaway, VA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Callaway, VA. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Callaway, VA
Callaway, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $850 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | -$1,070 | $2,500 | $1,430 |
Affordability — Callaway, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $306,000 |
| Median Household Income | $48,100 |