Hardy, VA—24101
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hardy, VA
As of Oct '25, the median home price in Hardy, VA is $387,000, with a year-over-year change of 3.4%. This indicates that home prices in Hardy, VA are increasing. 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 | $387,000 | 3.4% |
| Single Family | $386,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $330,000 | 1.5% |
3 Bed | $378,000 | 2.4% |
4 Bed | $446,000 | 2.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hardy, VA
As of July '25, Rentcast reports the average rent in Hardy, VA is $1,300, with a year-over-year rent change of -36.3%. Per bedroom, the median rent as of July '25 in Hardy, VA is 1-bedrooms: $1,180, 2-bedrooms: $1,250, 3-bedrooms: $1,730. The most common rental property sizes in Hardy, VA are 3-bedroom and 2-bedroom, accounting for 43.6% and 39.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,220 | $1,180 |
| 2 Bed Rent | $1,250 | $1,250 |
| 3 Bed Rent | $1,730 | $1,730 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hardy, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Hardy, VA is 80. This is a increase of 35.0% 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 | $560,000 | 19.0% |
Listing Count | 45 | 19.0% |
| Listings as % of Homes | 0.5% | 19.0% |
Days on Market | 80 | 35.0% |
Demographics — Hardy, VA
As of the latest ACS Survey released in 2023, Hardy, VA has a population of 6,160, which has decreased by -4.2% over the past 5 years. Hardy, VA is a moderately popular place for families, as children make up 17.2% of the population. The area has a poorly educated workforce, with 23.6% 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 | 6,160 | -4.2% |
% Under 18 | 17.2% | -3.4% |
% Seniors | 26.6% | 3.1% |
% WFH | 10.2% | 52.2% |
% w/ College Degree | 23.6% | 7.3% |
As of the latest ACS Survey released in 2023, Hardy, VA is a predominantly white area, with 91.1% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Hardy, VA is hispanic, making up 3.2% of the population. Foreign-born residents account for 1.8% of the population in Hardy, VA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.1% | -2.1% |
% Black | 1.7% | -61.4% |
% Hispanic | 3.2% | 255.6% |
% Asian | 2.6% | ∞% |
% Foreign Born | 1.8% | 0.0% |
Mortgage and Risk — Hardy, VA
According to HUD data as of 2023, there were 162 mortgage originations in Hardy, VA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Hardy, VA. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 162 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Hardy, VA
Hardy, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $1,220 | $920 |
| 2 Bedroom | -$220 | $1,250 | $1,030 |
| 3 Bedroom | -$290 | $1,730 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Hardy, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $387,000 |
| Median Household Income | $82,300 |