Eagle Rock, VA—24085
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eagle Rock, VA
As of Oct '25, the median home price in Eagle Rock, VA is $121,000, with a year-over-year change of -11.0%. This indicates that home prices in Eagle Rock, VA are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $121,000 | -11.0% |
| Single Family | $121,000 | -9.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $174,000 | 3.6% |
3 Bed | $238,000 | 5.3% |
4 Bed | $299,000 | 7.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Eagle Rock, VA
Eagle Rock, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| 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 | N/A | N/A |
% of Rental Stock
Property Listings — Eagle Rock, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Eagle Rock, VA is 86. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $239,000 | -15.0% |
Listing Count | 9 | -13.0% |
| Listings as % of Homes | 0.2% | -13.0% |
Days on Market | 86 | -1.0% |
Demographics — Eagle Rock, VA
As of the latest ACS Survey released in 2023, Eagle Rock, VA has a population of 2,420, which has increased by 16.1% over the past 5 years. Eagle Rock, VA is a moderately popular place for families, as children make up 15.7% of the population. The area has a poorly educated workforce, with 14.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,420 | 16.1% |
% Under 18 | 15.7% | 14.6% |
% Seniors | 23.2% | -9.4% |
% WFH | 1.7% | -67.3% |
% w/ College Degree | 14.3% | 3.6% |
As of the latest ACS Survey released in 2023, Eagle Rock, VA is a predominantly white area, with 96.0% of the population identifying as white. The white population has grown by 6.0% in the last 5 years. The second most common race or ethnicity in Eagle Rock, VA is black, making up 2.4% of the population. Foreign-born residents account for 0.7% of the population in Eagle Rock, VA, and this percentage has increased by 16.7% 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 | 96.0% | 6.0% |
% Black | 2.4% | -71.8% |
% Hispanic | 0.3% | -66.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.7% | 16.7% |
Mortgage and Risk — Eagle Rock, VA
According to HUD data as of 2023, there were 55 mortgage originations in Eagle Rock, VA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Eagle Rock, VA. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 55 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Eagle Rock, VA
Eagle Rock, 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 | $850 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,390 |
| 4 Bedroom | N/A | N/A | $1,590 |
Affordability — Eagle Rock, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $121,000 |
| Median Household Income | $54,700 |