Collinsville, VA—24078
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Collinsville, VA
As of Oct '25, the median home price in Collinsville, VA is $160,000, with a year-over-year change of -2.2%. This indicates that home prices in Collinsville, VA are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $160,000 | -2.2% |
| Single Family | $160,000 | -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 | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Collinsville, VA
As of July '25, Rentcast reports the average rent in Collinsville, VA is $869, with a year-over-year rent change of 7.0%. Per bedroom, the median rent as of July '25 in Collinsville, VA is 1-bedrooms: $695, 2-bedrooms: $916, 3-bedrooms: $920. The most common rental property sizes in Collinsville, VA are 2-bedroom and 3-bedroom, accounting for 47.4% and 36.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $851 | $869 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $635 | $695 |
| 2 Bed Rent | $851 | $916 |
| 3 Bed Rent | $920 | $920 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Collinsville, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Collinsville, VA is 114. This is a increase of 57.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $320,000 | 50.0% |
Listing Count | 11 | -38.0% |
| Listings as % of Homes | 0.6% | -38.0% |
Days on Market | 114 | 57.0% |
Demographics — Collinsville, VA
As of the latest ACS Survey released in 2023, Collinsville, VA has a population of 7,220, which has increased by 5.2% over the past 5 years. Collinsville, VA is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,220 | 5.2% |
% Under 18 | 22.5% | 10.3% |
% Seniors | 15.4% | -14.4% |
% WFH | 3.7% | 105.6% |
% w/ College Degree | 24.5% | 50.3% |
As of the latest ACS Survey released in 2023, Collinsville, VA is a predominantly white area, with 67.3% of the population identifying as white. The white population has shrunk by 16.2% in the last 5 years. The second most common race or ethnicity in Collinsville, VA is black, making up 18.4% of the population. Foreign-born residents account for 3.8% of the population in Collinsville, VA, and this percentage has decreased by 11.6% 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 | 67.3% | -16.2% |
% Black | 18.4% | 33.3% |
% Hispanic | 11.3% | 162.8% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 3.8% | -11.6% |
Mortgage and Risk — Collinsville, VA
According to HUD data as of 2023, there were 125 mortgage originations in Collinsville, VA, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Collinsville, VA. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 125 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Collinsville, VA
Collinsville, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 58 |
Total Units Section 8 | 58 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $45 | $635 | $680 |
| 2 Bedroom | -$1 | $851 | $850 |
| 3 Bedroom | $110 | $920 | $1,030 |
| 4 Bedroom | N/A | N/A | $1,220 |
Affordability — Collinsville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $160,000 |
| Median Household Income | $51,600 |