Brookneal, VA 24528 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Brookneal, VA—24528

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$169,000

2.8% YoY Growth

Household Income

$56,000

30.0% YoY Growth

Days on Market

117.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$800

21.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$800

23.1% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Brookneal, VA

As of May '26, the median home price in Brookneal, VA is $169,000, with a year-over-year change of 2.8%. This indicates that home prices in Brookneal, VA are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$169,000	2.8%
Single Family	$169,000	4.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Brookneal, VA

As of July '25, Rentcast reports the average rent in Brookneal, VA is $859, with a year-over-year rent change of 21.0%. Per bedroom, the median rent as of July '25 in Brookneal, VA is studios: $800, 2-bedrooms: $874. The most common rental property sizes in Brookneal, VA are 3-bedroom and 2-bedroom, accounting for 62.2% and 31.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$800	$859
Studio Rent	$800	$800
1 Bed Rent	N/A	N/A
2 Bed Rent	$800	$874
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

2 Bedrooms

31.7%

3 Bedrooms

62.2%

4 Bedrooms

2.5%

5+ Bedrooms

3.5%

Property Listings — Brookneal, VA

As of May '26, Realtor.com reports that the median days on market for a home in Brookneal, VA is 85. This is a increase of 117.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$212,000	-9.0%
Listing Count	18	-13.0%
Listings as % of Homes	0.3%	-13.0%
Days on Market	85	117.0%

Loading chart...

Demographics — Brookneal, VA

As of the latest ACS Survey released in 2023, Brookneal, VA has a population of 3,790, which has increased by 13.3% over the past 5 years. Brookneal, VA is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 14.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,790	13.3%
% Under 18	22.3%	9.9%
% Seniors	23.2%	10.5%
% WFH	3.2%	-50.8%
% w/ College Degree	14.4%	28.6%

Loading chart...

As of the latest ACS Survey released in 2023, Brookneal, VA is a predominantly white area, with 70.5% of the population identifying as white. The white population has grown by 16.0% in the last 5 years. The second most common race or ethnicity in Brookneal, VA is black, making up 24.0% of the population. Foreign-born residents account for 1.1% of the population in Brookneal, VA, and this percentage has decreased by 66.7% 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	70.5%	16.0%
% Black	24.0%	-20.3%
% Hispanic	1.3%	-59.4%
% Asian	0.0%	N/A
% Foreign Born	1.1%	-66.7%

Loading chart...

Mortgage and Risk — Brookneal, VA

According to HUD data as of 2023, there were 39 mortgage originations in Brookneal, VA, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Brookneal, VA. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	39
% Conventional Loans	56.0%
% Government Loans	44.0%
% Investor Loans	5.0%
% Second Loans	3.0%
% Cash Out Refinance	15.0%

Loading chart...

Rentals and Section 8 — Brookneal, VA

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

Section 8 Market Size

Total Units under HUD	21
Total Units Section 8	21
% Rentals under Section 8	5.7%
% Occupied Section 8	88.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$940
2 Bedroom	$280	$800	$1,080
3 Bedroom	N/A	N/A	$1,470
4 Bedroom	N/A	N/A	$1,640

Brookneal, VA—24528

Key Metrics at a Glance

Home Price Trends — Brookneal, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Brookneal, VA

% of Rental Stock

Property Listings — Brookneal, VA

Demographics — Brookneal, VA

Race and Ethnicity

Mortgage and Risk — Brookneal, VA

Mortgages

Rentals and Section 8 — Brookneal, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Brookneal, VA

Home Price to Income Ratio

Brookneal, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Red House, VA

Gladys, VA

Long Island, VA

Spout Spring, VA

Lynchburg, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$169,000
Median Household Income	$56,000

Brookneal, VA—24528

Key Metrics at a Glance

Home Price Trends — Brookneal, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Brookneal, VA

% of Rental Stock

Property Listings — Brookneal, VA

Demographics — Brookneal, VA

Race and Ethnicity

Mortgage and Risk — Brookneal, VA

Mortgages

Rentals and Section 8 — Brookneal, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Brookneal, VA

Home Price to Income Ratio

Brookneal, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Red House, VA

Gladys, VA

Long Island, VA

Spout Spring, VA

Lynchburg, VA

Frequently Asked Questions

What is the average home price in Brookneal, VA 24528?

How have home prices in Brookneal, VA 24528 changed over the past year?

What is the home price projection for Brookneal, VA 24528?

What are the demographics of Brookneal, VA 24528?

How long does it take homes to sell in Brookneal, VA 24528?

What is the average rent price in Brookneal, VA 24528?