Troutville, VA—24175
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Troutville, VA
Home Price Trends — Troutville, VA
As of Oct '25, the median home price in Troutville, VA is $323,000, with a year-over-year change of 2.2%. This indicates that home prices in Troutville, VA are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $323,000 | 2.3% |
| Single Family | $323,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $239,000 | 3.5% |
3 Bed | $342,000 | 4.3% |
4 Bed | $459,000 | 4.6% |
| 5 Bed | $595,000 | 5.7% |
% of Housing Stock
Rental Trends — Troutville, VA
As of July '25, Rentcast reports the average rent in Troutville, VA is $1,480, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Troutville, VA is studios: $265, 3-bedrooms: $2,700. The most common rental property sizes in Troutville, VA are 2-bedroom and 3-bedroom, accounting for 50.4% and 43.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $265 | $1,480 |
| Studio Rent | $265 | $265 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,700 | $2,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Troutville, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Troutville, VA is 42. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $391,000 | -16.0% |
Listing Count | 32 | 18.0% |
| Listings as % of Homes | 0.5% | 18.0% |
Days on Market | 42 | -1.0% |
Demographics — Troutville, VA
As of the latest ACS Survey released in 2023, Troutville, VA has a population of 8,050, which has increased by 1.9% over the past 5 years. Troutville, VA is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 28.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,050 | 1.9% |
% Under 18 | 18.8% | 2.2% |
% Seniors | 23.3% | 1.7% |
% WFH | 10.3% | 368.2% |
% w/ College Degree | 28.1% | -11.9% |
As of the latest ACS Survey released in 2023, Troutville, VA is a predominantly white area, with 95.6% of the population identifying as white. The white population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in Troutville, VA is hispanic, making up 1.7% of the population. Foreign-born residents account for 3.1% of the population in Troutville, VA, and this percentage has increased by 55.0% 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 | 95.6% | 1.6% |
% Black | 0.3% | -88.9% |
% Hispanic | 1.7% | 142.9% |
% Asian | 0.1% | -87.5% |
% Foreign Born | 3.1% | 55.0% |
Mortgage and Risk — Troutville, VA
According to HUD data as of 2023, there were 122 mortgage originations in Troutville, VA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Troutville, VA. Investor activity is low, as 2.0% 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 | 122 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Troutville, VA
Troutville, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $940 |
| 2 Bedroom | N/A | N/A | $1,130 |
| 3 Bedroom | -$1,120 | $2,700 | $1,580 |
| 4 Bedroom | N/A | N/A | $1,870 |
Affordability — Troutville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $323,000 |
| Median Household Income | $81,900 |