Altavista, VA—24517
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Altavista, VA
As of Oct '25, the median home price in Altavista, VA is $197,000, with a year-over-year change of -1.3%. This indicates that home prices in Altavista, VA are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $197,000 | -1.3% |
| Single Family | $197,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $136,000 | -6.8% |
3 Bed | $208,000 | -1.0% |
4 Bed | $284,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Altavista, VA
As of July '25, Rentcast reports the average rent in Altavista, VA is $1,160, with a year-over-year rent change of 18.1%. Per bedroom, the median rent as of July '25 in Altavista, VA is 1-bedrooms: $612, 2-bedrooms: $955, 4-bedrooms: $3,500. The most common rental property sizes in Altavista, VA are 2-bedroom and 3-bedroom, accounting for 56.4% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $612 |
| 2 Bed Rent | $900 | $955 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Altavista, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Altavista, VA is 62. This is a decrease of -20.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $257,000 | -20.0% |
Listing Count | 30 | 55.0% |
| Listings as % of Homes | 0.6% | 55.0% |
Days on Market | 62 | -20.0% |
Demographics — Altavista, VA
As of the latest ACS Survey released in 2023, Altavista, VA has a population of 4,930, which has decreased by -1.5% over the past 5 years. Altavista, VA is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,930 | -1.5% |
% Under 18 | 20.5% | 27.3% |
% Seniors | 20.7% | -10.4% |
% WFH | 9.9% | 135.7% |
% w/ College Degree | 22.9% | 19.3% |
As of the latest ACS Survey released in 2023, Altavista, VA is a predominantly white area, with 64.8% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Altavista, VA is black, making up 29.4% of the population. Foreign-born residents account for 0.7% of the population in Altavista, VA, and this percentage has decreased by 82.5% 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 | 64.8% | -6.9% |
% Black | 29.4% | 7.7% |
% Hispanic | 1.7% | -22.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.7% | -82.5% |
Mortgage and Risk — Altavista, VA
According to HUD data as of 2023, there were 147 mortgage originations in Altavista, VA, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Altavista, VA. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 147 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Altavista, VA
Altavista, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 45 |
Total Units Section 8 | 45 |
% Rentals under Section 8 | 7.6% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $600 | $870 |
| 2 Bedroom | $90 | $900 | $990 |
| 3 Bedroom | N/A | N/A | $1,350 |
| 4 Bedroom | -$2,030 | $3,500 | $1,470 |
Affordability — Altavista, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $197,000 |
| Median Household Income | $51,100 |