Fincastle, VA—24090
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fincastle, VA
As of Oct '25, the median home price in Fincastle, VA is $317,000, with a year-over-year change of -0.4%. This indicates that home prices in Fincastle, VA are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | -0.4% |
| Single Family | $317,000 | 0.0% |
| 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 | 0.9% |
3 Bed | $363,000 | 2.8% |
4 Bed | $529,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fincastle, VA
Fincastle, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,850 | $1,850 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fincastle, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fincastle, VA is 74. This is a increase of 24.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $575,000 | 14.0% |
Listing Count | 22 | 12.0% |
| Listings as % of Homes | 0.5% | 12.0% |
Days on Market | 74 | 24.0% |
Demographics — Fincastle, VA
As of the latest ACS Survey released in 2023, Fincastle, VA has a population of 4,610, which has decreased by -6.5% over the past 5 years. Fincastle, VA is a less popular place for families, as children make up 14.1% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,610 | -6.5% |
% Under 18 | 14.1% | -37.6% |
% Seniors | 24.2% | 13.6% |
% WFH | 14.1% | 41.0% |
% w/ College Degree | 22.7% | -28.2% |
As of the latest ACS Survey released in 2023, Fincastle, VA is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Fincastle, VA is black, making up 3.5% of the population. Foreign-born residents account for 1.0% of the population in Fincastle, VA, and this percentage has decreased by 68.8% 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 | 88.3% | -7.2% |
% Black | 3.5% | 34.6% |
% Hispanic | 3.5% | 250.0% |
% Asian | 0.4% | -20.0% |
% Foreign Born | 1.0% | -68.8% |
Mortgage and Risk — Fincastle, VA
According to HUD data as of 2023, there were 66 mortgage originations in Fincastle, VA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Fincastle, VA. Investor activity is low, as 3.0% 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 | 66 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Fincastle, VA
Fincastle, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,030 |
| 2 Bedroom | N/A | N/A | $1,240 |
| 3 Bedroom | -$110 | $1,850 | $1,740 |
| 4 Bedroom | N/A | N/A | $2,050 |
Affordability — Fincastle, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $317,000 |
| Median Household Income | $88,100 |