Radford, VA 24141 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Radford, VA—24141

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$259,000

0.4% YoY Growth

Household Income

$60,500

25.0% YoY Growth

Days on Market

6.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$1,380

20.6% YoY Growth

1-Bed Rent

$750

1.6% YoY Growth

2-Bed Rent

$1,200

6.3% YoY Growth

3-Bed Rent

$1,900

40.7% YoY Growth

Home Price Trends — Radford, VA

As of Dec '25, the median home price in Radford, VA is $259,000, with a year-over-year change of 0.4%. This indicates that home prices in Radford, VA are flat. 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	$259,000	0.4%
Single Family	$262,000	0.4%
Condos	$155,000	-4.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Radford, VA

As of July '25, Rentcast reports the average rent in Radford, VA is $1,580, with a year-over-year rent change of 20.6%. Per bedroom, the median rent as of July '25 in Radford, VA is studios: $1,930, 1-bedrooms: $812, 2-bedrooms: $1,180, 3-bedrooms: $2,040, 4-bedrooms: $1,660. The most common rental property sizes in Radford, VA are 2-bedroom and 3-bedroom, accounting for 44.9% and 20.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,380	$1,580
Studio Rent	$1,500	$1,930
1 Bed Rent	$750	$812
2 Bed Rent	$1,200	$1,180
3 Bed Rent	$1,900	$2,040
4 Bed Rent	$1,380	$1,660

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% of Rental Stock

Studio

1.5%

1 Bedroom

18.4%

2 Bedrooms

44.9%

3 Bedrooms

20.0%

4 Bedrooms

12.7%

5+ Bedrooms

2.5%

Property Listings — Radford, VA

As of Dec '25, Realtor.com reports that the median days on market for a home in Radford, VA is 59. This is a decrease of -3.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$319,000	7.0%
Listing Count	59	-21.0%
Listings as % of Homes	0.4%	-21.0%
Days on Market	76	6.0%

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Demographics — Radford, VA

As of the latest ACS Survey released in 2023, Radford, VA has a population of 21,400, which has decreased by -4.9% over the past 5 years. Radford, 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 40.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	21,400	-4.9%
% Under 18	16.2%	14.9%
% Seniors	14.7%	2.8%
% WFH	5.4%	86.2%
% w/ College Degree	40.9%	15.9%

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As of the latest ACS Survey released in 2023, Radford, VA is a predominantly white area, with 85.4% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Radford, VA is black, making up 6.9% of the population. Foreign-born residents account for 3.1% of the population in Radford, VA, and this percentage has increased by 19.2% 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	85.4%	-5.3%
% Black	6.9%	30.2%
% Hispanic	3.9%	160.0%
% Asian	1.9%	35.7%
% Foreign Born	3.1%	19.2%

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Mortgage and Risk — Radford, VA

According to HUD data as of 2023, there were 238 mortgage originations in Radford, VA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Radford, VA. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	238
% Conventional Loans	74.0%
% Government Loans	26.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Radford, VA

As of 2024, the percent of homes in Radford, VA under the Section 8 program is 10.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Radford, VA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	398
Total Units Section 8	398
% Rentals under Section 8	10.7%
% Occupied Section 8	90.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$150	$750	$900
2 Bedroom	-$60	$1,200	$1,140
3 Bedroom	-$350	$1,900	$1,550
4 Bedroom	$550	$1,380	$1,930

Radford, VA—24141

Key Metrics at a Glance

Home Price Trends — Radford, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Radford, VA

% of Rental Stock

Property Listings — Radford, VA

Demographics — Radford, VA

Race and Ethnicity

Mortgage and Risk — Radford, VA

Mortgages

Rentals and Section 8 — Radford, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Radford, VA

Home Price to Income Ratio

Radford, VA — ZIP Code Boundary Map

Nearby ZIP Codes

East Radford

New River

Belspring

Parrott

Christiansburg, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$259,000
Median Household Income	$60,500

Radford, VA—24141

Key Metrics at a Glance

Home Price Trends — Radford, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Radford, VA

% of Rental Stock

Property Listings — Radford, VA

Demographics — Radford, VA

Race and Ethnicity

Mortgage and Risk — Radford, VA

Mortgages

Rentals and Section 8 — Radford, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Radford, VA

Home Price to Income Ratio

Radford, VA — ZIP Code Boundary Map

Nearby ZIP Codes

East Radford

New River

Belspring

Parrott

Christiansburg, VA

Frequently Asked Questions

What is the average home price in Radford, VA 24141?

How have home prices in Radford, VA 24141 changed over the past year?

What is the home price projection for Radford, VA 24141?

What are the demographics of Radford, VA 24141?

How long does it take homes to sell in Radford, VA 24141?

What is the average rent price in Radford, VA 24141?