Christiansburg, VA—24073
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Christiansburg, VA
As of Oct '25, the median home price in Christiansburg, VA is $299,000, with a year-over-year change of 2.3%. This indicates that home prices in Christiansburg, VA are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $299,000 | 2.3% |
| Single Family | $299,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $222,000 | 3.3% |
3 Bed | $298,000 | 2.4% |
4 Bed | $392,000 | 2.6% |
| 5 Bed | $453,000 | 1.8% |
% of Housing Stock
Rental Trends — Christiansburg, VA
As of July '25, Rentcast reports the average rent in Christiansburg, VA is $1,720, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Christiansburg, VA is 1-bedrooms: $1,070, 2-bedrooms: $1,370, 3-bedrooms: $1,740, 4-bedrooms: $2,600. The most common rental property sizes in Christiansburg, VA are 2-bedroom and 3-bedroom, accounting for 41.3% and 37.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,070 |
| 2 Bed Rent | $1,400 | $1,370 |
| 3 Bed Rent | $1,800 | $1,740 |
| 4 Bed Rent | $2,300 | $2,600 |
% of Rental Stock
Property Listings — Christiansburg, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Christiansburg, VA is 56. This is a decrease of -26.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $359,000 | -3.0% |
Listing Count | 119 | -2.0% |
| Listings as % of Homes | 0.5% | -2.0% |
Days on Market | 56 | -26.0% |
Demographics — Christiansburg, VA
As of the latest ACS Survey released in 2023, Christiansburg, VA has a population of 30,100, which has decreased by -1.2% over the past 5 years. Christiansburg, VA is a moderately popular place for families, as children make up 19.7% of the population. The area has a moderately educated workforce, with 41.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,100 | -1.2% |
% Under 18 | 19.7% | -3.0% |
% Seniors | 18.1% | 8.4% |
% WFH | 10.2% | 209.1% |
% w/ College Degree | 41.6% | 18.9% |
As of the latest ACS Survey released in 2023, Christiansburg, VA is a predominantly white area, with 85.6% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Christiansburg, VA is black, making up 4.3% of the population. Foreign-born residents account for 5.4% of the population in Christiansburg, VA, and this percentage has increased by 58.8% 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 | 85.6% | -4.5% |
% Black | 4.3% | -18.9% |
% Hispanic | 3.6% | 50.0% |
% Asian | 3.2% | 88.2% |
% Foreign Born | 5.4% | 58.8% |
Mortgage and Risk — Christiansburg, VA
According to HUD data as of 2023, there were 593 mortgage originations in Christiansburg, VA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Christiansburg, VA. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 593 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Christiansburg, VA
As of 2024, the percent of homes in Christiansburg, VA under the Section 8 program is 8.9%. 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 Christiansburg, VA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 423 |
Total Units Section 8 | 375 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 91.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$280 | $1,200 | $920 |
| 2 Bedroom | -$230 | $1,400 | $1,170 |
| 3 Bedroom | -$230 | $1,800 | $1,570 |
| 4 Bedroom | -$340 | $2,300 | $1,960 |
Affordability — Christiansburg, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $299,000 |
| Median Household Income | $75,100 |