Draper, VA—24324
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Draper, VA
As of Oct '25, the median home price in Draper, VA is $229,000, with a year-over-year change of 0.7%. This indicates that home prices in Draper, VA are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $229,000 | 0.7% |
| Single Family | $229,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Draper, VA
Draper, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,780 | $2,780 |
| 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 | $2,780 | $2,780 |
% of Rental Stock
Property Listings — Draper, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Draper, VA is 55. This is a decrease of -43.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $507,000 | 17.0% |
Listing Count | 12 | 28.0% |
| Listings as % of Homes | 0.5% | 28.0% |
Days on Market | 55 | -43.0% |
Demographics — Draper, VA
As of the latest ACS Survey released in 2023, Draper, VA has a population of 2,440, which has increased by 39.0% over the past 5 years. Draper, VA is a less popular place for families, as children make up 14.3% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,440 | 39.0% |
% Under 18 | 14.3% | -40.4% |
% Seniors | 26.2% | 35.1% |
% WFH | 5.8% | ∞% |
% w/ College Degree | 14.8% | -42.4% |
As of the latest ACS Survey released in 2023, Draper, VA is a predominantly white area, with 91.5% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Draper, VA is black, making up 7.2% of the population. Foreign-born residents account for 2.5% of the population in Draper, VA, and this percentage has increased by Inf% 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 | 91.5% | -6.6% |
% Black | 7.2% | 260.0% |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 2.5% | ∞% |
Mortgage and Risk — Draper, VA
According to HUD data as of 2023, there were 30 mortgage originations in Draper, VA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Draper, VA. Investor activity is low, as 0.0% 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 | 30 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Draper, VA
Draper, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $890 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | -$1,280 | $2,780 | $1,500 |
Affordability — Draper, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $229,000 |
| Median Household Income | $79,600 |