Appalachia, VA—24216
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Appalachia, VA
As of Oct '25, the median home price in Appalachia, VA is $48,000, with a year-over-year change of -1.4%. This indicates that home prices in Appalachia, VA are decreasing. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $48,000 | -1.4% |
| Single Family | $48,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $40,000 | 0.0% |
3 Bed | $54,000 | -1.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Appalachia, VA
Appalachia, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Appalachia, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Appalachia, VA is 151. This is a increase of 23.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $40,000 | -17.0% |
Listing Count | 8 | 29.0% |
| Listings as % of Homes | 0.5% | 29.0% |
Days on Market | 151 | 23.0% |
Demographics — Appalachia, VA
As of the latest ACS Survey released in 2023, Appalachia, VA has a population of 2,360, which has decreased by -11.7% over the past 5 years. Appalachia, VA is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 11.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,360 | -11.7% |
% Under 18 | 24.2% | 4.3% |
% Seniors | 25.0% | 45.3% |
% WFH | 6.3% | 800.0% |
% w/ College Degree | 11.0% | 6.8% |
As of the latest ACS Survey released in 2023, Appalachia, VA is a predominantly white area, with 88.1% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Appalachia, VA is black, making up 4.7% of the population. Foreign-born residents account for 0.6% of the population in Appalachia, VA, and this percentage has increased by 500.0% 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 | 88.1% | -5.6% |
% Black | 4.7% | 135.0% |
% Hispanic | 1.8% | 500.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.6% | 500.0% |
Mortgage and Risk — Appalachia, VA
According to HUD data as of 2023, there were 27 mortgage originations in Appalachia, VA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 90.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Appalachia, VA. Investor activity is high, as 22.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 27 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 22.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Appalachia, VA
Appalachia, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 197 |
Total Units Section 8 | 142 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $700 |
| 2 Bedroom | N/A | N/A | $920 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Appalachia, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $48,000 |
| Median Household Income | $32,400 |