Bristol, VA—24201
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bristol, VA
As of Oct '25, the median home price in Bristol, VA is $181,000, with a year-over-year change of -0.4%. This indicates that home prices in Bristol, VA are flat. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | -0.4% |
| Single Family | $182,000 | -0.5% |
| Condos | $159,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $132,000 | 0.0% |
3 Bed | $206,000 | 0.5% |
4 Bed | $253,000 | 0.8% |
| 5 Bed | $313,000 | -0.6% |
% of Housing Stock
Rental Trends — Bristol, VA
As of July '25, Rentcast reports the average rent in Bristol, VA is $1,640, with a year-over-year rent change of 7.2%. Per bedroom, the median rent as of July '25 in Bristol, VA is studios: $1,430, 1-bedrooms: $1,350, 2-bedrooms: $1,420, 3-bedrooms: $1,760, 4-bedrooms: $2,040. The most common rental property sizes in Bristol, VA are 2-bedroom and 3-bedroom, accounting for 39.4% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,640 |
| Studio Rent | $1,430 | $1,430 |
| 1 Bed Rent | $1,250 | $1,350 |
| 2 Bed Rent | $1,300 | $1,420 |
| 3 Bed Rent | $1,500 | $1,760 |
| 4 Bed Rent | $1,650 | $2,040 |
% of Rental Stock
Property Listings — Bristol, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bristol, VA is 50. This is a decrease of -2.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $242,000 | -11.0% |
Listing Count | 114 | 8.0% |
| Listings as % of Homes | 0.6% | 8.0% |
Days on Market | 50 | -2.0% |
Demographics — Bristol, VA
As of the latest ACS Survey released in 2023, Bristol, VA has a population of 16,000, which has remained stable by -0.6% over the past 5 years. Bristol, VA is a moderately popular place for families, as children make up 20.0% of the population. The area has a poorly educated workforce, with 24.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,000 | -0.6% |
% Under 18 | 20.0% | -2.0% |
% Seniors | 23.3% | 14.8% |
% WFH | 11.5% | 283.3% |
% w/ College Degree | 24.4% | 0.4% |
As of the latest ACS Survey released in 2023, Bristol, VA is a predominantly white area, with 84.6% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Bristol, VA is black, making up 7.1% of the population. Foreign-born residents account for 0.9% of the population in Bristol, VA, and this percentage has decreased by 10.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.6% | -2.4% |
% Black | 7.1% | -4.1% |
% Hispanic | 2.9% | 383.3% |
% Asian | 0.2% | 100.0% |
% Foreign Born | 0.9% | -10.0% |
Mortgage and Risk — Bristol, VA
According to HUD data as of 2023, there were 320 mortgage originations in Bristol, VA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Bristol, VA. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 320 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Bristol, VA
As of 2024, the percent of homes in Bristol, VA under the Section 8 program is 26.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Bristol, VA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,066 |
Total Units Section 8 | 704 |
% Rentals under Section 8 | 26.7% |
% Occupied Section 8 | 77.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$380 | $1,250 | $870 |
| 2 Bedroom | -$200 | $1,300 | $1,100 |
| 3 Bedroom | -$80 | $1,500 | $1,420 |
| 4 Bedroom | -$30 | $1,650 | $1,620 |
Affordability — Bristol, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $181,000 |
| Median Household Income | $43,600 |