Chilhowie, VA—24319
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chilhowie, VA
Chilhowie, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $189,000 | 4.6% |
| Single Family | $190,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $135,000 | 3.8% |
3 Bed | $200,000 | 5.8% |
4 Bed | $250,000 | 7.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chilhowie, VA
As of July '25, Rentcast reports the average rent in Chilhowie, VA is $758, with a year-over-year rent change of -20.2%. Per bedroom, the median rent as of July '25 in Chilhowie, VA is 2-bedrooms: $662, 3-bedrooms: $950. The most common rental property sizes in Chilhowie, VA are 2-bedroom and 3-bedroom, accounting for 40.0% and 39.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $758 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $575 | $662 |
| 3 Bed Rent | $950 | $950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chilhowie, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Chilhowie, VA is 81. This is a increase of 35.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $259,000 | 11.0% |
Listing Count | 16 | -2.0% |
| Listings as % of Homes | 0.2% | -2.0% |
Days on Market | 81 | 35.0% |
Demographics — Chilhowie, VA
As of the latest ACS Survey released in 2023, Chilhowie, VA has a population of 6,960, which has decreased by -3.2% over the past 5 years. Chilhowie, VA is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,960 | -3.2% |
% Under 18 | 21.4% | 14.4% |
% Seniors | 24.1% | 13.7% |
% WFH | 3.6% | -26.5% |
% w/ College Degree | 19.7% | 17.3% |
As of the latest ACS Survey released in 2023, Chilhowie, VA is a predominantly white area, with 92.6% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Chilhowie, VA is black, making up 2.3% of the population. Foreign-born residents account for 1.7% of the population in Chilhowie, VA, and this percentage has increased by 70.0% 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 | 92.6% | -3.6% |
% Black | 2.3% | 53.3% |
% Hispanic | 1.9% | 5.6% |
% Asian | 0.3% | ∞% |
% Foreign Born | 1.7% | 70.0% |
Mortgage and Risk — Chilhowie, VA
According to HUD data as of 2023, there were 137 mortgage originations in Chilhowie, VA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Chilhowie, VA. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 137 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Chilhowie, VA
Chilhowie, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | $325 | $575 | $900 |
| 3 Bedroom | $210 | $950 | $1,160 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Chilhowie, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $189,000 |
| Median Household Income | $49,100 |