Weyers Cave, VA—24486
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Weyers Cave, VA
As of Oct '25, the median home price in Weyers Cave, VA is $335,000, with a year-over-year change of 4.3%. This indicates that home prices in Weyers Cave, VA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $335,000 | 4.3% |
| Single Family | $335,000 | 4.7% |
| 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 | $321,000 | 4.6% |
4 Bed | $381,000 | 4.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Weyers Cave, VA
As of July '25, Rentcast reports the average rent in Weyers Cave, VA is $1,380, with a year-over-year rent change of 13.1%. Per bedroom, the median rent as of July '25 in Weyers Cave, VA is 1-bedrooms: $1,300, 2-bedrooms: $1,400, 3-bedrooms: $1,450. The most common rental property sizes in Weyers Cave, VA are 2-bedroom and 3-bedroom, accounting for 64.8% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $1,450 | $1,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Weyers Cave, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Weyers Cave, VA is 21. This is a increase of 22.0% 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 | $383,000 | 104.0% |
Listing Count | 9 | -29.0% |
| Listings as % of Homes | 0.3% | -29.0% |
Days on Market | 21 | 22.0% |
Demographics — Weyers Cave, VA
As of the latest ACS Survey released in 2023, Weyers Cave, VA has a population of 3,440, which has decreased by -5.4% over the past 5 years. Weyers Cave, VA is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 35.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,440 | -5.4% |
% Under 18 | 23.1% | -12.8% |
% Seniors | 15.4% | 14.9% |
% WFH | 7.6% | 4.1% |
% w/ College Degree | 35.7% | 19.4% |
As of the latest ACS Survey released in 2023, Weyers Cave, VA is a predominantly white area, with 74.9% of the population identifying as white. The white population has shrunk by 17.8% in the last 5 years. The second most common race or ethnicity in Weyers Cave, VA is hispanic, making up 4.5% of the population. Foreign-born residents account for 6.5% of the population in Weyers Cave, VA, and this percentage has increased by 25.0% 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 | 74.9% | -17.8% |
% Black | 4.0% | ∞% |
% Hispanic | 4.5% | -44.4% |
% Asian | 0.4% | ∞% |
% Foreign Born | 6.5% | 25.0% |
Mortgage and Risk — Weyers Cave, VA
According to HUD data as of 2023, there were 109 mortgage originations in Weyers Cave, VA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Weyers Cave, VA. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 109 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Weyers Cave, VA
Weyers Cave, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 9.9% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $1,300 | $1,140 |
| 2 Bedroom | -$80 | $1,400 | $1,320 |
| 3 Bedroom | $400 | $1,450 | $1,850 |
| 4 Bedroom | N/A | N/A | $2,160 |
Affordability — Weyers Cave, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $335,000 |
| Median Household Income | $67,200 |