Abingdon, VA—24211
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 $333,000, 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 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $333,000 | 2.2% |
| Single Family | $333,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $244,000 | 2.1% |
3 Bed | $323,000 | 1.9% |
4 Bed | $456,000 | 1.8% |
| 5 Bed | $605,000 | 0.5% |
% of Housing Stock
Rental Trends — Abingdon, VA
As of July '25, Rentcast reports the average rent in Abingdon, VA is $1,580, with a year-over-year rent change of -28.2%. Per bedroom, the median rent as of July '25 in Abingdon, VA is 1-bedrooms: $795, 2-bedrooms: $1,080, 3-bedrooms: $2,170. The most common rental property sizes in Abingdon, VA are 2-bedroom and 3-bedroom, accounting for 46.7% and 35.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,260 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $795 |
| 2 Bed Rent | $900 | $1,080 |
| 3 Bed Rent | $2,500 | $2,170 |
| 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 54. This is a increase of 4.0% 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 | $513,000 | 22.0% |
Listing Count | 48 | 1.0% |
| Listings as % of Homes | 0.3% | 1.0% |
Days on Market | 54 | 4.0% |
Demographics — Abingdon, VA
As of the latest ACS Survey released in 2023, Abingdon, VA has a population of 10,300, which has increased by 10.7% over the past 5 years. Abingdon, VA is a moderately popular place for families, as children make up 16.7% of the population. The area has a moderately educated workforce, with 37.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,300 | 10.7% |
% Under 18 | 16.7% | -4.6% |
% Seniors | 29.0% | 17.4% |
% WFH | 7.6% | 58.3% |
% w/ College Degree | 37.0% | 18.6% |
As of the latest ACS Survey released in 2023, Abingdon, VA is a predominantly white area, with 97.1% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Abingdon, VA is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.7% of the population in Abingdon, VA, and this percentage has decreased by 66.7% 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 | 97.1% | -0.6% |
% Black | 0.6% | 200.0% |
% Hispanic | 0.7% | -22.2% |
% Asian | 0.1% | -83.3% |
% Foreign Born | 0.7% | -66.7% |
Mortgage and Risk — Abingdon, VA
According to HUD data as of 2023, there were 186 mortgage originations in Abingdon, VA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Abingdon, VA. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 186 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
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 | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 61.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $115 | $795 | $910 |
| 2 Bedroom | $250 | $900 | $1,150 |
| 3 Bedroom | -$1,020 | $2,500 | $1,480 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Abingdon, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $333,000 |
| Median Household Income | $84,600 |