Amherst, VA 24521 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Amherst, VA—24521

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$284,000

0.1% YoY Growth

Household Income

$69,100

27.9% YoY Growth

Days on Market

64.0% Longer YoY

Home Price Forecast

2.4%

Median Rent

$795

46.4% YoY Growth

1-Bed Rent

$795

14.4% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

$1,800

N/A

Home Price Trends — Amherst, VA

As of Dec '25, the median home price in Amherst, VA is $284,000, with a year-over-year change of 0.1%. This indicates that home prices in Amherst, VA are flat. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$284,000	0.1%
Single Family	$284,000	0.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Amherst, VA

As of July '25, Rentcast reports the average rent in Amherst, VA is $1,130, with a year-over-year rent change of 46.4%. Per bedroom, the median rent as of July '25 in Amherst, VA is 1-bedrooms: $795, 3-bedrooms: $1,800. The most common rental property sizes in Amherst, VA are 3-bedroom and 2-bedroom, accounting for 38.6% and 28.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$795	$1,130
Studio Rent	N/A	N/A
1 Bed Rent	$795	$795
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,800	$1,800
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

17.8%

2 Bedrooms

28.4%

3 Bedrooms

38.6%

4 Bedrooms

3.4%

5+ Bedrooms

11.8%

Property Listings — Amherst, VA

As of Dec '25, Realtor.com reports that the median days on market for a home in Amherst, VA is 73. This is a increase of 24.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$364,000	10.0%
Listing Count	34	37.0%
Listings as % of Homes	0.5%	37.0%
Days on Market	89	64.0%

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Demographics — Amherst, VA

As of the latest ACS Survey released in 2023, Amherst, VA has a population of 10,100, which has remained stable by -0.9% over the past 5 years. Amherst, VA is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,100	-0.9%
% Under 18	20.9%	9.4%
% Seniors	23.2%	-2.9%
% WFH	11.9%	190.2%
% w/ College Degree	26.9%	33.8%

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As of the latest ACS Survey released in 2023, Amherst, VA is a predominantly white area, with 77.8% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Amherst, VA is black, making up 13.9% of the population. Foreign-born residents account for 1.9% of the population in Amherst, VA, and this percentage has decreased by 5.0% 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	77.8%	-4.2%
% Black	13.9%	8.6%
% Hispanic	2.6%	-7.1%
% Asian	0.0%	-100.0%
% Foreign Born	1.9%	-5.0%

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Mortgage and Risk — Amherst, VA

According to HUD data as of 2023, there were 205 mortgage originations in Amherst, VA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Amherst, VA. Investor activity is low, as 3.0% 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	205
% Conventional Loans	77.0%
% Government Loans	23.0%
% Investor Loans	3.0%
% Second Loans	2.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Amherst, VA

Amherst, VA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	28
Total Units Section 8	28
% Rentals under Section 8	2.6%
% Occupied Section 8	86.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$485	$795	$1,280
2 Bedroom	N/A	N/A	$1,520
3 Bedroom	$110	$1,800	$1,910
4 Bedroom	N/A	N/A	$2,350

Amherst, VA—24521

Key Metrics at a Glance

Home Price Trends — Amherst, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Amherst, VA

% of Rental Stock

Property Listings — Amherst, VA

Demographics — Amherst, VA

Race and Ethnicity

Mortgage and Risk — Amherst, VA

Mortgages

Rentals and Section 8 — Amherst, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Amherst, VA

Home Price to Income Ratio

Amherst, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Sweet Briar

Piney River, VA

Monroe, VA

Madison Heights, VA

Roseland, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$284,000
Median Household Income	$69,100

Amherst, VA—24521

Key Metrics at a Glance

Home Price Trends — Amherst, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Amherst, VA

% of Rental Stock

Property Listings — Amherst, VA

Demographics — Amherst, VA

Race and Ethnicity

Mortgage and Risk — Amherst, VA

Mortgages

Rentals and Section 8 — Amherst, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Amherst, VA

Home Price to Income Ratio

Amherst, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Sweet Briar

Piney River, VA

Monroe, VA

Madison Heights, VA

Roseland, VA

Frequently Asked Questions

What is the average home price in Amherst, VA 24521?

How have home prices in Amherst, VA 24521 changed over the past year?

What is the home price projection for Amherst, VA 24521?

What are the demographics of Amherst, VA 24521?

How long does it take homes to sell in Amherst, VA 24521?

What is the average rent price in Amherst, VA 24521?