Damascus, VA—24236
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Damascus, VA
As of Oct '25, the median home price in Damascus, VA is $195,000, with a year-over-year change of -5.0%. This indicates that home prices in Damascus, VA are decreasing. 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 | $195,000 | -5.0% |
| Single Family | $196,000 | -5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $163,000 | -9.4% |
3 Bed | $211,000 | -5.0% |
4 Bed | $283,000 | -1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Damascus, VA
As of July '25, Rentcast reports the average rent in Damascus, VA is $2,750, with a year-over-year rent change of 129.2%. Per bedroom, the median rent as of July '25 in Damascus, VA is 4-bedrooms: $2,750. The most common rental property sizes in Damascus, VA are 2-bedroom and 3-bedroom, accounting for 36.0% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,750 |
| 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 | $2,750 | $2,750 |
% of Rental Stock
Property Listings — Damascus, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Damascus, VA is 52. This is a increase of 41.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | 24.0% |
Listing Count | 21 | 8.0% |
| Listings as % of Homes | 0.4% | 8.0% |
Days on Market | 52 | 41.0% |
Demographics — Damascus, VA
As of the latest ACS Survey released in 2023, Damascus, VA has a population of 3,020, which has decreased by -4.1% over the past 5 years. Damascus, VA is a less popular place for families, as children make up 11.9% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,020 | -4.1% |
% Under 18 | 11.9% | -50.0% |
% Seniors | 33.8% | 45.7% |
% WFH | 4.0% | 53.8% |
% w/ College Degree | 19.2% | 15.0% |
As of the latest ACS Survey released in 2023, Damascus, VA is a predominantly white area, with 97.3% 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 Damascus, VA is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.7% of the population in Damascus, VA, and this percentage has increased by 75.0% 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 | 97.3% | -1.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.9% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.7% | 75.0% |
Mortgage and Risk — Damascus, VA
According to HUD data as of 2023, there were 56 mortgage originations in Damascus, VA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Damascus, VA. Investor activity is low, as 5.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 56 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 5.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Damascus, VA
Damascus, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 81 |
Total Units Section 8 | 81 |
% Rentals under Section 8 | 23.8% |
% Occupied Section 8 | 82.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | N/A | N/A | $900 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | -$1,360 | $2,750 | $1,390 |
Affordability — Damascus, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $195,000 |
| Median Household Income | $33,800 |