Abingdon, VA—24210
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Abingdon, VA
Home Price Trends — Abingdon, VA
As of Oct '25, the median home price in Abingdon, VA is $251,000, with a year-over-year change of 2.2%. This indicates that home prices in Abingdon, 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 | $251,000 | 2.2% |
| Single Family | $253,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $147,000 | -2.6% |
2 Bed | $186,000 | 2.2% |
3 Bed | $263,000 | 2.3% |
4 Bed | $365,000 | 3.1% |
| 5 Bed | $471,000 | 2.8% |
% of Housing Stock
Rental Trends — Abingdon, VA
As of July '25, Rentcast reports the average rent in Abingdon, VA is $1,260, with a year-over-year rent change of -11.3%. Per bedroom, the median rent as of July '25 in Abingdon, VA is studios: $1,200, 1-bedrooms: $1,140, 2-bedrooms: $1,270, 3-bedrooms: $1,340. The most common rental property sizes in Abingdon, VA are 2-bedroom and 3-bedroom, accounting for 54.9% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,260 |
| Studio Rent | $1,200 | $1,200 |
| 1 Bed Rent | $970 | $1,140 |
| 2 Bed Rent | $1,300 | $1,270 |
| 3 Bed Rent | $1,200 | $1,340 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Abingdon, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Abingdon, VA is 74. This is a increase of 29.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $316,000 | 5.0% |
Listing Count | 62 | 10.0% |
| Listings as % of Homes | 0.3% | 10.0% |
Days on Market | 74 | 29.0% |
Demographics — Abingdon, VA
As of the latest ACS Survey released in 2023, Abingdon, VA has a population of 17,100, which has increased by 1.9% over the past 5 years. Abingdon, VA is a moderately popular place for families, as children make up 17.3% of the population. The area has a moderately educated workforce, with 28.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,100 | 1.9% |
% Under 18 | 17.3% | 6.1% |
% Seniors | 22.5% | 11.4% |
% WFH | 6.5% | 38.3% |
% w/ College Degree | 28.2% | 9.7% |
As of the latest ACS Survey released in 2023, Abingdon, VA is a predominantly white area, with 91.7% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Abingdon, VA is black, making up 2.9% of the population. Foreign-born residents account for 2.9% of the population in Abingdon, VA, and this percentage has increased by 123.1% 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 | 91.7% | -3.4% |
% Black | 2.9% | 61.1% |
% Hispanic | 2.7% | 107.7% |
% Asian | 0.8% | -20.0% |
% Foreign Born | 2.9% | 123.1% |
Mortgage and Risk — Abingdon, VA
According to HUD data as of 2023, there were 267 mortgage originations in Abingdon, VA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Abingdon, VA. Investor activity is low, as 3.0% 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 | 267 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Abingdon, VA
Abingdon, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 248 |
Total Units Section 8 | 220 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 60.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $970 | $840 |
| 2 Bedroom | -$240 | $1,300 | $1,060 |
| 3 Bedroom | $170 | $1,200 | $1,370 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Abingdon, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $251,000 |
| Median Household Income | $63,500 |