Glade Spring, VA—24340
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Glade Spring, VA
As of Oct '25, the median home price in Glade Spring, VA is $197,000, with a year-over-year change of 0.2%. This indicates that home prices in Glade Spring, VA are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $197,000 | 0.2% |
| Single Family | $197,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $133,000 | -3.6% |
3 Bed | $213,000 | 0.5% |
4 Bed | $285,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Glade Spring, VA
As of July '25, Rentcast reports the average rent in Glade Spring, VA is $1,200, with a year-over-year rent change of 57.5%. Per bedroom, the median rent as of July '25 in Glade Spring, VA is 2-bedrooms: $1,200. The most common rental property sizes in Glade Spring, VA are 2-bedroom and 3-bedroom, accounting for 50.0% and 39.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Glade Spring, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Glade Spring, VA is 49. This is a decrease of -56.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $417,000 | 17.0% |
Listing Count | 21 | 27.0% |
| Listings as % of Homes | 0.5% | 27.0% |
Days on Market | 49 | -56.0% |
Demographics — Glade Spring, VA
As of the latest ACS Survey released in 2023, Glade Spring, VA has a population of 6,170, which has increased by 1.3% over the past 5 years. Glade Spring, VA is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,170 | 1.3% |
% Under 18 | 20.5% | -13.9% |
% Seniors | 28.7% | 66.9% |
% WFH | 10.9% | 240.6% |
% w/ College Degree | 23.7% | 20.9% |
As of the latest ACS Survey released in 2023, Glade Spring, VA is a predominantly white area, with 96.8% of the population identifying as white. The white population has grown by 3.5% in the last 5 years. The second most common race or ethnicity in Glade Spring, VA is black, making up 1.5% of the population. Foreign-born residents account for 1.2% of the population in Glade Spring, VA, and this percentage has decreased by 52.0% 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 | 96.8% | 3.5% |
% Black | 1.5% | -6.2% |
% Hispanic | 0.7% | -81.6% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 1.2% | -52.0% |
Mortgage and Risk — Glade Spring, VA
According to HUD data as of 2023, there were 134 mortgage originations in Glade Spring, VA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Glade Spring, VA. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 134 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Glade Spring, VA
Glade Spring, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | -$180 | $1,200 | $1,020 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Glade Spring, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $197,000 |
| Median Household Income | $64,000 |