Floyd, VA—24091
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Floyd, VA
Floyd, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $283,000 | 0.1% |
| Single Family | $283,000 | 1.8% |
| 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 | $335,000 | 2.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Floyd, VA
Floyd, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 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 — Floyd, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Floyd, VA is 54. This is a decrease of -7.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $468,000 | 29.0% |
Listing Count | 23 | -21.0% |
| Listings as % of Homes | 0.3% | -21.0% |
Days on Market | 54 | -7.0% |
Demographics — Floyd, VA
As of the latest ACS Survey released in 2023, Floyd, VA has a population of 7,310, which has decreased by -3.4% over the past 5 years. Floyd, VA is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 26.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,310 | -3.4% |
% Under 18 | 16.2% | -20.6% |
% Seniors | 26.5% | 11.8% |
% WFH | 11.0% | 80.3% |
% w/ College Degree | 26.4% | 9.5% |
As of the latest ACS Survey released in 2023, Floyd, VA is a predominantly white area, with 89.6% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Floyd, VA is hispanic, making up 4.8% of the population. Foreign-born residents account for 2.7% of the population in Floyd, VA, and this percentage has increased by 3.8% 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 | 89.6% | -4.3% |
% Black | 3.9% | 95.0% |
% Hispanic | 4.8% | 60.0% |
% Asian | 0.3% | ∞% |
% Foreign Born | 2.7% | 3.8% |
Mortgage and Risk — Floyd, VA
According to HUD data as of 2023, there were 84 mortgage originations in Floyd, VA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Floyd, VA. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 84 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Floyd, VA
Floyd, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $750 | $710 |
| 2 Bedroom | N/A | N/A | $920 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,250 |
Affordability — Floyd, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $283,000 |
| Median Household Income | $60,100 |