Rocky Mount, VA 24151 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Rocky Mount, VA—24151

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$259,000

3.4% YoY Growth

Household Income

$65,300

53.2% YoY Growth

Days on Market

19.0% Longer YoY

Home Price Forecast

2.3%

Median Rent

$975

30.1% YoY Growth

1-Bed Rent

$650

2.3% YoY Growth

2-Bed Rent

$900

1.8% YoY Growth

3-Bed Rent

$1,300

19.4% YoY Growth

Home Price Trends — Rocky Mount, VA

As of Dec '25, the median home price in Rocky Mount, VA is $259,000, with a year-over-year change of 3.4%. This indicates that home prices in Rocky Mount, VA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$259,000	3.4%
Single Family	$259,000	2.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

0.5%

1 Bedroom

11.2%

2 Bedrooms

50.7%

3 Bedrooms

31.3%

4 Bedrooms

6.3%

Property Listings — Rocky Mount, VA

As of Dec '25, Realtor.com reports that the median days on market for a home in Rocky Mount, VA is 59. This is a increase of 31.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$386,000	14.0%
Listing Count	62	19.0%
Listings as % of Homes	0.6%	19.0%
Days on Market	64	19.0%

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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%

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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%

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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%

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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

Rocky Mount, VA—24151

Key Metrics at a Glance

Home Price Trends — Rocky Mount, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rocky Mount, VA

% of Rental Stock

Property Listings — Rocky Mount, VA

Demographics — Rocky Mount, VA

Race and Ethnicity

Mortgage and Risk — Rocky Mount, VA

Mortgages

Rentals and Section 8 — Rocky Mount, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Rocky Mount, VA

Home Price to Income Ratio

Rocky Mount, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Gladehill, VA

Wirtz, VA

Henry, VA

Union Hall, VA

Boones Mill, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$259,000
Median Household Income	$65,300

Rocky Mount, VA—24151

Key Metrics at a Glance

Home Price Trends — Rocky Mount, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rocky Mount, VA

% of Rental Stock

Property Listings — Rocky Mount, VA

Demographics — Rocky Mount, VA

Race and Ethnicity

Mortgage and Risk — Rocky Mount, VA

Mortgages

Rentals and Section 8 — Rocky Mount, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Rocky Mount, VA

Home Price to Income Ratio

Rocky Mount, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Gladehill, VA

Wirtz, VA

Henry, VA

Union Hall, VA

Boones Mill, VA

Frequently Asked Questions

What is the average home price in Rocky Mount, VA 24151?

How have home prices in Rocky Mount, VA 24151 changed over the past year?

What is the home price projection for Rocky Mount, VA 24151?

What are the demographics of Rocky Mount, VA 24151?

How long does it take homes to sell in Rocky Mount, VA 24151?

What is the average rent price in Rocky Mount, VA 24151?