Narrows, VA—24124
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Narrows, VA
As of Oct '25, the median home price in Narrows, VA is $155,000, with a year-over-year change of -4.2%. This indicates that home prices in Narrows, VA are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $155,000 | -4.2% |
| Single Family | $155,000 | -3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $115,000 | -5.7% |
3 Bed | $168,000 | -2.9% |
4 Bed | $201,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Narrows, VA
Narrows, 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 — Narrows, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Narrows, VA is 72. This is a decrease of -9.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $273,000 | -7.0% |
Listing Count | 20 | 37.0% |
| Listings as % of Homes | 0.6% | 37.0% |
Days on Market | 72 | -9.0% |
Demographics — Narrows, VA
As of the latest ACS Survey released in 2023, Narrows, VA has a population of 4,180, which has decreased by -16.6% over the past 5 years. Narrows, VA is a popular place for families, as children make up 27.9% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,180 | -16.6% |
% Under 18 | 27.9% | 21.3% |
% Seniors | 15.5% | -24.0% |
% WFH | 1.4% | 55.6% |
% w/ College Degree | 18.6% | 86.0% |
As of the latest ACS Survey released in 2023, Narrows, VA is a predominantly white area, with 94.2% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Narrows, VA is hispanic, making up 4.2% of the population. Foreign-born residents account for 1.4% of the population in Narrows, VA, and this percentage has increased by 55.6% 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 | 94.2% | -2.8% |
% Black | 0.5% | -37.5% |
% Hispanic | 4.2% | 366.7% |
% Asian | 0.5% | 0.0% |
% Foreign Born | 1.4% | 55.6% |
Mortgage and Risk — Narrows, VA
According to HUD data as of 2023, there were 70 mortgage originations in Narrows, VA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Narrows, VA. Investor activity is low, as 4.0% 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 | 70 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Narrows, VA
Narrows, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,570 |
Affordability — Narrows, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $155,000 |
| Median Household Income | $61,000 |