Dry Fork, VA—24549
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dry Fork, VA
As of Oct '25, the median home price in Dry Fork, VA is $196,000, with a year-over-year change of -1.4%. This indicates that home prices in Dry Fork, VA are decreasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | -1.4% |
| Single Family | $196,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $157,000 | 1.3% |
3 Bed | $231,000 | 0.9% |
4 Bed | $287,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Dry Fork, VA
Dry Fork, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $975 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $975 | $975 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dry Fork, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Dry Fork, VA is 69. This is a decrease of -3.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | -6.0% |
Listing Count | 14 | 83.0% |
| Listings as % of Homes | 0.4% | 83.0% |
Days on Market | 69 | -3.0% |
Demographics — Dry Fork, VA
As of the latest ACS Survey released in 2023, Dry Fork, VA has a population of 4,120, which has increased by 1.4% over the past 5 years. Dry Fork, VA is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,120 | 1.4% |
% Under 18 | 20.3% | -12.9% |
% Seniors | 22.2% | 38.7% |
% WFH | 5.0% | -28.6% |
% w/ College Degree | 12.6% | -6.0% |
As of the latest ACS Survey released in 2023, Dry Fork, VA is a predominantly white area, with 78.3% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Dry Fork, VA is black, making up 12.5% of the population. Foreign-born residents account for 4.2% of the population in Dry Fork, VA, and this percentage has increased by 250.0% 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 | 78.3% | -6.3% |
% Black | 12.5% | 56.2% |
% Hispanic | 7.2% | 188.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.2% | 250.0% |
Mortgage and Risk — Dry Fork, VA
According to HUD data as of 2023, there were 99 mortgage originations in Dry Fork, VA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Dry Fork, VA. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 99 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Dry Fork, VA
Dry Fork, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | N/A | N/A | $850 |
| 3 Bedroom | $185 | $975 | $1,160 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Dry Fork, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $196,000 |
| Median Household Income | $54,800 |