Rocky Mount, VA—24151
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rocky Mount, VA
As of Oct '25, the median home price in Rocky Mount, VA is $261,000, with a year-over-year change of 4.2%. This indicates that home prices in Rocky Mount, VA are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $261,000 | 4.2% |
| Single Family | $261,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $134,000 | -2.2% |
2 Bed | $179,000 | 3.5% |
3 Bed | $269,000 | 3.1% |
4 Bed | $343,000 | 2.7% |
| 5 Bed | $394,000 | 2.3% |
% of Housing Stock
Rental Trends — Rocky Mount, VA
As of July '25, Rentcast reports the average rent in Rocky Mount, VA is $1,250, with a year-over-year rent change of 30.1%. Per bedroom, the median rent as of July '25 in Rocky Mount, VA is 1-bedrooms: $725, 2-bedrooms: $967, 3-bedrooms: $1,230, 4-bedrooms: $2,200. The most common rental property sizes in Rocky Mount, VA are 2-bedroom and 3-bedroom, accounting for 50.7% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $1,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $725 |
| 2 Bed Rent | $900 | $967 |
| 3 Bed Rent | $1,300 | $1,230 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Rocky Mount, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Rocky Mount, VA is 54. This is a increase of 26.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $362,000 | 15.0% |
Listing Count | 72 | 36.0% |
| Listings as % of Homes | 0.6% | 36.0% |
Days on Market | 54 | 26.0% |
Demographics — Rocky Mount, VA
As of the latest ACS Survey released in 2023, Rocky Mount, VA has a population of 18,300, which has decreased by -10.2% over the past 5 years. Rocky Mount, VA is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,300 | -10.2% |
% Under 18 | 19.5% | -14.8% |
% Seniors | 20.7% | 7.8% |
% WFH | 7.0% | -4.1% |
% w/ College Degree | 21.1% | 40.7% |
As of the latest ACS Survey released in 2023, Rocky Mount, VA is a predominantly white area, with 77.5% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Rocky Mount, VA is black, making up 14.3% of the population. Foreign-born residents account for 2.8% of the population in Rocky Mount, VA, and this percentage has increased by 33.3% 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 | 77.5% | -0.8% |
% Black | 14.3% | 0.0% |
% Hispanic | 4.2% | 5.0% |
% Asian | 0.6% | 50.0% |
% Foreign Born | 2.8% | 33.3% |
Mortgage and Risk — Rocky Mount, VA
According to HUD data as of 2023, there were 374 mortgage originations in Rocky Mount, VA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Rocky Mount, 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 | 374 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Rocky Mount, VA
As of 2024, the percent of homes in Rocky Mount, VA under the Section 8 program is 8.0%. 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 units appear to be good home sizes to consider for Section 8 housing in Rocky Mount, VA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 244 |
Total Units Section 8 | 181 |
% Rentals under Section 8 | 8.0% |
% Occupied Section 8 | 90.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $650 | $800 |
| 2 Bedroom | -$10 | $900 | $890 |
| 3 Bedroom | -$50 | $1,300 | $1,250 |
| 4 Bedroom | -$710 | $2,200 | $1,490 |
Affordability — Rocky Mount, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $261,000 |
| Median Household Income | $65,300 |