Verona, VA—24482
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Verona, VA
As of Oct '25, the median home price in Verona, VA is $300,000, with a year-over-year change of 6.5%. This indicates that home prices in Verona, VA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $300,000 | 6.5% |
| Single Family | $299,000 | 6.4% |
| 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 | $290,000 | 6.2% |
4 Bed | $389,000 | 7.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Verona, VA
As of July '25, Rentcast reports the average rent in Verona, VA is $1,150, with a year-over-year rent change of 8.5%. Per bedroom, the median rent as of July '25 in Verona, VA is 1-bedrooms: $1,150, 2-bedrooms: $925, 3-bedrooms: $1,380. The most common rental property sizes in Verona, VA are 2-bedroom and 3-bedroom, accounting for 51.2% and 40.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,150 |
| 2 Bed Rent | $925 | $925 |
| 3 Bed Rent | $1,380 | $1,380 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Verona, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Verona, VA is 43. This is a decrease of -17.0% from last year, suggesting that homes are sitting on the market shorter 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 | $342,000 | -5.0% |
Listing Count | 26 | 73.0% |
| Listings as % of Homes | 0.4% | 73.0% |
Days on Market | 43 | -17.0% |
Demographics — Verona, VA
As of the latest ACS Survey released in 2023, Verona, VA has a population of 5,330, which has increased by 1.5% over the past 5 years. Verona, VA is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,330 | 1.5% |
% Under 18 | 20.3% | 31.0% |
% Seniors | 19.9% | 19.9% |
% WFH | 5.1% | 27.5% |
% w/ College Degree | 20.8% | -1.9% |
As of the latest ACS Survey released in 2023, Verona, VA is a predominantly white area, with 91.0% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Verona, VA is black, making up 6.2% of the population. Foreign-born residents account for 2.3% of the population in Verona, VA, and this percentage has increased by 155.6% 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 | 91.0% | -2.3% |
% Black | 6.2% | 148.0% |
% Hispanic | 1.5% | -48.3% |
% Asian | 1.0% | ∞% |
% Foreign Born | 2.3% | 155.6% |
Mortgage and Risk — Verona, VA
According to HUD data as of 2023, there were 137 mortgage originations in Verona, VA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Verona, VA. Investor activity is low, as 2.0% 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 | 137 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Verona, VA
Verona, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,150 | $1,120 |
| 2 Bedroom | $365 | $925 | $1,290 |
| 3 Bedroom | $430 | $1,380 | $1,810 |
| 4 Bedroom | N/A | N/A | $2,100 |
Affordability — Verona, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $300,000 |
| Median Household Income | $72,700 |