Wise, VA 24293 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wise, VA—24293

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$184,000

4.9% YoY Growth

Household Income

$54,000

31.0% YoY Growth

Days on Market

6.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Wise, VA

As of Dec '25, the median home price in Wise, VA is $184,000, with a year-over-year change of 4.9%. This indicates that home prices in Wise, VA are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$184,000	4.9%
Single Family	$186,000	3.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Wise, VA

Wise, 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

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% of Rental Stock

1 Bedroom

11.8%

2 Bedrooms

33.3%

3 Bedrooms

48.6%

4 Bedrooms

6.2%

Property Listings — Wise, VA

As of Dec '25, Realtor.com reports that the median days on market for a home in Wise, VA is 75. This is a increase of 21.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$222,000	6.0%
Listing Count	25	-17.0%
Listings as % of Homes	0.2%	-17.0%
Days on Market	82	6.0%

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Demographics — Wise, VA

As of the latest ACS Survey released in 2023, Wise, VA has a population of 9,620, which has increased by 5.0% over the past 5 years. Wise, VA is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,620	5.0%
% Under 18	19.2%	1.1%
% Seniors	18.1%	5.8%
% WFH	13.8%	263.2%
% w/ College Degree	22.4%	9.8%

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As of the latest ACS Survey released in 2023, Wise, VA is a predominantly white area, with 95.7% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Wise, VA is hispanic, making up 1.1% of the population. Foreign-born residents account for 1.5% of the population in Wise, VA, and this percentage has decreased by 16.7% 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	95.7%	1.1%
% Black	0.8%	-71.4%
% Hispanic	1.1%	120.0%
% Asian	0.4%	-71.4%
% Foreign Born	1.5%	-16.7%

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Mortgage and Risk — Wise, VA

According to HUD data as of 2023, there were 100 mortgage originations in Wise, VA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Wise, VA. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	100
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	5.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Wise, VA

Wise, VA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	242
Total Units Section 8	241
% Rentals under Section 8	N/A
% Occupied Section 8	79.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$670
2 Bedroom	N/A	N/A	$850
3 Bedroom	N/A	N/A	$1,130
4 Bedroom	N/A	N/A	$1,430

Wise, VA—24293

Key Metrics at a Glance

Home Price Trends — Wise, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wise, VA

% of Rental Stock

Property Listings — Wise, VA

Demographics — Wise, VA

Race and Ethnicity

Mortgage and Risk — Wise, VA

Mortgages

Rentals and Section 8 — Wise, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Wise, VA

Home Price to Income Ratio

Wise, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Norton, VA

Pound, VA

Coeburn, VA

Coeburn, VA

East Stone Gap

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$184,000
Median Household Income	$54,000

Wise, VA—24293

Key Metrics at a Glance

Home Price Trends — Wise, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wise, VA

% of Rental Stock

Property Listings — Wise, VA

Demographics — Wise, VA

Race and Ethnicity

Mortgage and Risk — Wise, VA

Mortgages

Rentals and Section 8 — Wise, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Wise, VA

Home Price to Income Ratio

Wise, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Norton, VA

Pound, VA

Coeburn, VA

Coeburn, VA

East Stone Gap

Frequently Asked Questions

What is the average home price in Wise, VA 24293?

How have home prices in Wise, VA 24293 changed over the past year?

What is the home price projection for Wise, VA 24293?

What are the demographics of Wise, VA 24293?

How long does it take homes to sell in Wise, VA 24293?

What is the average rent price in Wise, VA 24293?