Bristol, VA—24202
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 $245,000, with a year-over-year change of 1.5%. This indicates that home prices in Bristol, VA are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | 1.5% |
| Single Family | $245,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $168,000 | 0.0% |
3 Bed | $250,000 | 1.6% |
4 Bed | $373,000 | 0.3% |
| 5 Bed | $593,000 | 0.0% |
% of Housing Stock
Rental Trends — Bristol, VA
As of July '25, Rentcast reports the average rent in Bristol, VA is $1,240, with a year-over-year rent change of -29.5%. Per bedroom, the median rent as of July '25 in Bristol, VA is 1-bedrooms: $725, 2-bedrooms: $1,120, 3-bedrooms: $1,670. The most common rental property sizes in Bristol, VA are 2-bedroom and 3-bedroom, accounting for 60.4% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $725 |
| 2 Bed Rent | $1,050 | $1,120 |
| 3 Bed Rent | $1,600 | $1,670 |
| 4 Bed Rent | N/A | N/A |
% 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 71. This is a increase of 60.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $390,000 | 21.0% |
Listing Count | 49 | -11.0% |
| Listings as % of Homes | 0.4% | -11.0% |
Days on Market | 71 | 60.0% |
Demographics — Bristol, VA
As of the latest ACS Survey released in 2023, Bristol, VA has a population of 12,300, which has increased by 8.9% over the past 5 years. Bristol, VA is a moderately popular place for families, as children make up 17.7% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,300 | 8.9% |
% Under 18 | 17.7% | -6.8% |
% Seniors | 21.8% | -9.9% |
% WFH | 8.3% | 176.7% |
% w/ College Degree | 20.4% | 14.6% |
As of the latest ACS Survey released in 2023, Bristol, VA is a predominantly white area, with 94.3% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Bristol, VA is hispanic, making up 2.4% of the population. Foreign-born residents account for 0.5% of the population in Bristol, VA, and this percentage has decreased by 44.4% 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 | 94.3% | -1.6% |
% Black | 0.7% | 0.0% |
% Hispanic | 2.4% | 71.4% |
% Asian | 0.7% | 75.0% |
% Foreign Born | 0.5% | -44.4% |
Mortgage and Risk — Bristol, VA
According to HUD data as of 2023, there were 229 mortgage originations in Bristol, VA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Bristol, VA. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 229 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Bristol, VA
Bristol, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 58.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $700 | $850 |
| 2 Bedroom | $30 | $1,050 | $1,080 |
| 3 Bedroom | -$210 | $1,600 | $1,390 |
| 4 Bedroom | N/A | N/A | $1,590 |
Affordability — Bristol, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $245,000 |
| Median Household Income | $58,300 |