Pearisburg, VA—24134
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pearisburg, VA
As of Oct '25, the median home price in Pearisburg, VA is $206,000, with a year-over-year change of 3.8%. This indicates that home prices in Pearisburg, VA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $206,000 | 3.8% |
| Single Family | $206,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | 1.6% |
3 Bed | $212,000 | 4.4% |
4 Bed | $274,000 | 7.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pearisburg, VA
Pearisburg, 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 — Pearisburg, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Pearisburg, VA is 78. 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $217,000 | -34.0% |
Listing Count | 23 | 46.0% |
| Listings as % of Homes | 0.3% | 46.0% |
Days on Market | 78 | 24.0% |
Demographics — Pearisburg, VA
As of the latest ACS Survey released in 2023, Pearisburg, VA has a population of 5,300, which has increased by 6.1% over the past 5 years. Pearisburg, VA is a moderately popular place for families, as children make up 17.8% 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 2.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,300 | 6.1% |
% Under 18 | 17.8% | -24.6% |
% Seniors | 23.3% | 7.9% |
% WFH | 2.0% | -25.9% |
% w/ College Degree | 14.3% | -17.3% |
As of the latest ACS Survey released in 2023, Pearisburg, VA is a predominantly white area, with 92.7% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Pearisburg, VA is black, making up 5.3% of the population. Foreign-born residents account for 2.7% of the population in Pearisburg, VA, and this percentage has increased by 50.0% 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 | 92.7% | 0.8% |
% Black | 5.3% | 12.8% |
% Hispanic | 0.2% | -88.2% |
% Asian | 1.2% | ∞% |
% Foreign Born | 2.7% | 50.0% |
Mortgage and Risk — Pearisburg, VA
According to HUD data as of 2023, there were 95 mortgage originations in Pearisburg, VA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Pearisburg, VA. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 95 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Pearisburg, VA
Pearisburg, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 71 |
Total Units Section 8 | 41 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $870 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,520 |
Affordability — Pearisburg, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $206,000 |
| Median Household Income | $63,600 |