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Staunton, VA—24401

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$317,000
4.0% YoY Growth
Household Income
$63,700
27.7% YoY Growth
Days on Market
44
32.0% Longer YoY
Home Price Forecast
0.9%
Median Rent
$1,250
7.5% YoY Growth
1-Bed Rent
$950
28.3% YoY Growth
2-Bed Rent
$1,240
5.5% YoY Growth
3-Bed Rent
$1,580
11.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Staunton, VA

As of May '26, the median home price in Staunton, VA is $317,000, with a year-over-year change of 4.0%. This indicates that home prices in Staunton, VA are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$317,0004.0%
Single Family $318,0004.3%
Condos $258,0003.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$228,0004.6%
    3 Bed
    		$323,0004.5%
    4 Bed
    		$418,0005.3%
    5 Bed $579,1154.3%
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    % of Housing Stock

    Studio
    2.2%
    1 Bedroom
    10.1%
    2 Bedrooms
    25.4%
    3 Bedrooms
    44.2%
    4 Bedrooms
    14.7%
    5+ Bedrooms
    3.5%

    Rental Trends — Staunton, VA

    As of July '25, Rentcast reports the average rent in Staunton, VA is $1,360, with a year-over-year rent change of -7.5%. Per bedroom, the median rent as of July '25 in Staunton, VA is studios: $2,500, 1-bedrooms: $1,020, 2-bedrooms: $1,340, 3-bedrooms: $1,550, 4-bedrooms: $2,250. The most common rental property sizes in Staunton, VA are 2-bedroom and 1-bedroom, accounting for 40.9% and 25.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,250$1,360
    Studio Rent $2,500$2,500
    1 Bed Rent $950$1,020
    2 Bed Rent $1,240$1,340
    3 Bed Rent $1,580$1,550
    4 Bed Rent $2,250$2,250
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    % of Rental Stock

    Studio
    4.7%
    1 Bedroom
    25.2%
    2 Bedrooms
    40.9%
    3 Bedrooms
    22.7%
    4 Bedrooms
    4.7%
    5+ Bedrooms
    1.8%

    Property Listings — Staunton, VA

    As of May '26, Realtor.com reports that the median days on market for a home in Staunton, VA is 44. This is a increase of 32.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$390,0005.0%
    Listing Count
    		1502.0%
    Listings as % of Homes0.6%2.0%
    Days on Market
    		4432.0%
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    Demographics — Staunton, VA

    As of the latest ACS Survey released in 2023, Staunton, VA has a population of 37,700, which has increased by 5.7% over the past 5 years. Staunton, VA is a moderately popular place for families, as children make up 18.2% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		37,7005.7%
    % Under 18
    		18.2%-4.2%
    % Seniors
    		23.7%9.7%
    % WFH
    		6.4%30.6%
    % w/ College Degree
    		32.2%0.3%
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    As of the latest ACS Survey released in 2023, Staunton, VA is a predominantly white area, with 83.0% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Staunton, VA is black, making up 8.7% of the population. Foreign-born residents account for 3.3% of the population in Staunton, VA, and this percentage has decreased by 17.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		83.0%-1.0%
    % Black
    		8.7%-8.4%
    % Hispanic
    		3.6%38.5%
    % Asian
    		1.0%-33.3%
    % Foreign Born
    		3.3%-17.5%
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    Mortgage and Risk — Staunton, VA

    According to HUD data as of 2023, there were 758 mortgage originations in Staunton, VA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Staunton, VA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		758
    % Conventional Loans
    		80.0%
    % Government Loans
    		20.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Staunton, VA

    As of 2024, the percent of homes in Staunton, VA under the Section 8 program is 11.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Staunton, VA, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		781
    Total Units Section 8
    		710
    % Rentals under Section 8
    		11.6%
    % Occupied Section 8
    		88.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$180$950$1,130
    2 Bedroom$60$1,240$1,300
    3 Bedroom$240$1,580$1,820
    4 Bedroom-$130$2,250$2,120

    Affordability — Staunton, VA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.3
    Median Home Price$317,000
    Median Household Income$63,700

    Staunton, VA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions