Saltville, VA—24370
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saltville, VA
Saltville, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $115,000 | 2.0% |
| Single Family | $115,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $81,000 | 0.0% |
3 Bed | $132,000 | 3.9% |
4 Bed | $162,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Saltville, VA
Saltville, 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 |
% of Rental Stock
Property Listings — Saltville, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Saltville, VA is 84. This is a increase of 11.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $132,000 | -39.0% |
Listing Count | 25 | 34.0% |
| Listings as % of Homes | 0.3% | 34.0% |
Days on Market | 84 | 11.0% |
Demographics — Saltville, VA
As of the latest ACS Survey released in 2023, Saltville, VA has a population of 5,740, which has decreased by -13.5% over the past 5 years. Saltville, VA is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 18.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,740 | -13.5% |
% Under 18 | 20.7% | -11.5% |
% Seniors | 20.8% | 13.0% |
% WFH | 2.5% | 400.0% |
% w/ College Degree | 18.8% | 69.4% |
As of the latest ACS Survey released in 2023, Saltville, VA is a predominantly white area, with 97.9% of the population identifying as white. The white population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Saltville, VA is hispanic, making up 1.6% of the population. Foreign-born residents account for 1.2% of the population in Saltville, VA, and this percentage has decreased by 25.0% 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 | 97.9% | 2.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.6% | -54.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.2% | -25.0% |
Mortgage and Risk — Saltville, VA
According to HUD data as of 2023, there were 58 mortgage originations in Saltville, VA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Saltville, VA. Investor activity is low, as 10.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 58 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 10.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Saltville, VA
Saltville, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 72 |
Total Units Section 8 | 72 |
% Rentals under Section 8 | 14.1% |
% Occupied Section 8 | 83.2% |
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 | $900 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Saltville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $115,000 |
| Median Household Income | $49,300 |