Clifton Forge, VA 24422 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Clifton Forge, VA—24422

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$137,000

2.3% YoY Growth

Household Income

$48,200

19.4% YoY Growth

Days on Market

53

8.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$299

8.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$740

N/A

3-Bed Rent

$299

57.2% YoY Growth

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	-2.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

1 Bedroom

32.8%

2 Bedrooms

42.4%

3 Bedrooms

22.0%

4 Bedrooms

2.8%

Property Listings — Clifton Forge, VA

As of Dec '25, Realtor.com reports that the median days on market for a home in Clifton Forge, VA is 44. This is a increase of 18.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$139,000	67.0%
Listing Count	27	17.0%
Listings as % of Homes	0.8%	17.0%
Days on Market	53	-8.0%

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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%

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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%

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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%

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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

Clifton Forge, VA—24422

Key Metrics at a Glance

Home Price Trends — Clifton Forge, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Clifton Forge, VA

% of Rental Stock

Property Listings — Clifton Forge, VA

Demographics — Clifton Forge, VA

Race and Ethnicity

Mortgage and Risk — Clifton Forge, VA

Mortgages

Rentals and Section 8 — Clifton Forge, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Clifton Forge, VA

Home Price to Income Ratio

Clifton Forge, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Eagle Rock, VA

Buchanan, VA

Goshen, VA

Fincastle, VA

Montvale, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$137,000
Median Household Income	$48,200

Clifton Forge, VA—24422

Key Metrics at a Glance

Home Price Trends — Clifton Forge, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Clifton Forge, VA

% of Rental Stock

Property Listings — Clifton Forge, VA

Demographics — Clifton Forge, VA

Race and Ethnicity

Mortgage and Risk — Clifton Forge, VA

Mortgages

Rentals and Section 8 — Clifton Forge, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Clifton Forge, VA

Home Price to Income Ratio

Clifton Forge, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Eagle Rock, VA

Buchanan, VA

Goshen, VA

Fincastle, VA

Montvale, VA

Frequently Asked Questions

What is the average home price in Clifton Forge, VA 24422?

How have home prices in Clifton Forge, VA 24422 changed over the past year?

What is the home price projection for Clifton Forge, VA 24422?

What are the demographics of Clifton Forge, VA 24422?

How long does it take homes to sell in Clifton Forge, VA 24422?

What is the average rent price in Clifton Forge, VA 24422?