Clifton Forge, VA—24422
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clifton Forge, VA
Clifton Forge, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $137,000 | -2.3% |
| Single Family | $137,000 | -2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $102,000 | -5.6% |
3 Bed | $152,000 | -0.7% |
4 Bed | $194,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Clifton Forge, VA
As of July '25, Rentcast reports the average rent in Clifton Forge, VA is $833, with a year-over-year rent change of 8.7%. Per bedroom, the median rent as of July '25 in Clifton Forge, VA is 2-bedrooms: $740, 3-bedrooms: $299, 4-bedrooms: $299. The most common rental property sizes in Clifton Forge, VA are 2-bedroom and 1-bedroom, accounting for 42.4% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $299 | $833 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $740 | $740 |
| 3 Bed Rent | $299 | $299 |
| 4 Bed Rent | $299 | $299 |
% of Rental Stock
Property Listings — Clifton Forge, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Clifton Forge, VA is 85. This is a increase of 45.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $160,000 | 64.0% |
Listing Count | 26 | -10.0% |
| Listings as % of Homes | 0.8% | -10.0% |
Days on Market | 85 | 45.0% |
Demographics — Clifton Forge, VA
As of the latest ACS Survey released in 2023, Clifton Forge, VA has a population of 5,540, which has decreased by -7.6% over the past 5 years. Clifton Forge, VA is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,540 | -7.6% |
% Under 18 | 19.5% | -7.6% |
% Seniors | 26.9% | 24.5% |
% WFH | 2.9% | -3.3% |
% w/ College Degree | 19.2% | 17.8% |
As of the latest ACS Survey released in 2023, Clifton Forge, VA is a predominantly white area, with 85.2% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Clifton Forge, VA is black, making up 10.0% of the population. Foreign-born residents account for 1.2% of the population in Clifton Forge, VA, and this percentage has decreased by 20.0% 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 | 85.2% | -0.2% |
% Black | 10.0% | 6.4% |
% Hispanic | 1.4% | -50.0% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 1.2% | -20.0% |
Mortgage and Risk — Clifton Forge, VA
According to HUD data as of 2023, there were 92 mortgage originations in Clifton Forge, VA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Clifton Forge, VA. Investor activity is low, as 7.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 92 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Clifton Forge, VA
Clifton Forge, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 267 |
Total Units Section 8 | 267 |
% Rentals under Section 8 | 42.1% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | $240 | $740 | $980 |
| 3 Bedroom | $1,071 | $299 | $1,370 |
| 4 Bedroom | $1,291 | $299 | $1,590 |
Affordability — Clifton Forge, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $137,000 |
| Median Household Income | $48,200 |