Craigsville, VA—24430
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Craigsville, VA
As of Oct '25, the median home price in Craigsville, VA is $166,000, with a year-over-year change of 1.4%. This indicates that home prices in Craigsville, VA are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | 1.4% |
| Single Family | $166,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $189,000 | 1.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Craigsville, VA
Craigsville, 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 — Craigsville, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Craigsville, VA is 48. This is a increase of 21.0% 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 | $159,000 | -47.0% |
Listing Count | 3 | 12.0% |
| Listings as % of Homes | 0.4% | 12.0% |
Days on Market | 48 | 21.0% |
Demographics — Craigsville, VA
As of the latest ACS Survey released in 2023, Craigsville, VA has a population of 3,300, which has decreased by -11.0% over the past 5 years. Craigsville, VA is a less popular place for families, as children make up 13.5% of the population. The area has a poorly educated workforce, with 4.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,300 | -11.0% |
% Under 18 | 13.5% | 53.4% |
% Seniors | 12.3% | 41.4% |
% WFH | 1.4% | 180.0% |
% w/ College Degree | 4.9% | 28.9% |
As of the latest ACS Survey released in 2023, Craigsville, VA is a predominantly white area, with 61.2% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Craigsville, VA is black, making up 30.5% of the population. Foreign-born residents account for 5.1% of the population in Craigsville, VA, and this percentage has increased by 75.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 61.2% | -3.6% |
% Black | 30.5% | 4.1% |
% Hispanic | 5.3% | -5.4% |
% Asian | 0.5% | -28.6% |
% Foreign Born | 5.1% | 75.9% |
Mortgage and Risk — Craigsville, VA
According to HUD data as of 2023, there were 31 mortgage originations in Craigsville, VA, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Craigsville, VA. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 31 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Craigsville, VA
Craigsville, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | N/A | N/A | $1,040 |
| 3 Bedroom | N/A | N/A | $1,460 |
| 4 Bedroom | N/A | N/A | $1,730 |
Affordability — Craigsville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $166,000 |
| Median Household Income | $42,400 |