Blairs, VA—24527
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blairs, VA
As of Oct '25, the median home price in Blairs, VA is $194,000, with a year-over-year change of -4.2%. This indicates that home prices in Blairs, VA are decreasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $194,000 | -4.2% |
| Single Family | $194,000 | -3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | -7.1% |
3 Bed | $213,000 | -1.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Blairs, VA
Blairs, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Blairs, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Blairs, VA is 102. This is a increase of 10.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $253,000 | -20.0% |
Listing Count | 5 | -24.0% |
| Listings as % of Homes | 0.1% | -24.0% |
Days on Market | 102 | 10.0% |
Demographics — Blairs, VA
As of the latest ACS Survey released in 2023, Blairs, VA has a population of 3,190, which has decreased by -3.3% over the past 5 years. Blairs, VA is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 11.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,190 | -3.3% |
% Under 18 | 25.1% | 31.4% |
% Seniors | 20.2% | -2.9% |
% WFH | 2.3% | -48.9% |
% w/ College Degree | 11.6% | -35.9% |
As of the latest ACS Survey released in 2023, Blairs, VA is a predominantly white area, with 65.9% of the population identifying as white. The white population has grown by 10.9% in the last 5 years. The second most common race or ethnicity in Blairs, VA is black, making up 28.6% of the population. Foreign-born residents account for 0.3% of the population in Blairs, VA, and this percentage has decreased by 94.7% 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 | 65.9% | 10.9% |
% Black | 28.6% | -18.1% |
% Hispanic | 2.7% | -42.6% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.3% | -94.7% |
Mortgage and Risk — Blairs, VA
According to HUD data as of 2023, there were 35 mortgage originations in Blairs, VA, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Blairs, VA. Investor activity is low, as 3.0% of loans were by investors. 31.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 35 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 31.0% |
Loan Activity
Rentals and Section 8 — Blairs, VA
Blairs, 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 | N/A |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | -$490 | $1,800 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Blairs, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $194,000 |
| Median Household Income | $62,800 |