Evington, VA—24550
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Evington, VA
As of Oct '25, the median home price in Evington, VA is $281,000, with a year-over-year change of 2.4%. This indicates that home prices in Evington, VA are increasing. 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 | $281,000 | 2.4% |
| Single Family | $281,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $176,000 | -0.6% |
3 Bed | $276,000 | 2.6% |
4 Bed | $415,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Evington, VA
As of July '25, Rentcast reports the average rent in Evington, VA is $1,620, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Evington, VA is 2-bedrooms: $1,010, 3-bedrooms: $1,720, 4-bedrooms: $2,300. The most common rental property sizes in Evington, VA are 2-bedroom and 3-bedroom, accounting for 57.3% and 42.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $995 | $1,010 |
| 3 Bed Rent | $1,720 | $1,720 |
| 4 Bed Rent | $2,300 | $2,300 |
% of Rental Stock
Property Listings — Evington, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Evington, VA is 61. This is a increase of 4.0% 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $382,000 | 26.0% |
Listing Count | 21 | 18.0% |
| Listings as % of Homes | 0.6% | 18.0% |
Days on Market | 61 | 4.0% |
Demographics — Evington, VA
As of the latest ACS Survey released in 2023, Evington, VA has a population of 7,940, which has increased by 2.2% over the past 5 years. Evington, VA is a moderately popular place for families, as children make up 18.4% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,940 | 2.2% |
% Under 18 | 18.4% | -13.2% |
% Seniors | 15.8% | -0.6% |
% WFH | 13.0% | 165.3% |
% w/ College Degree | 23.1% | -0.4% |
As of the latest ACS Survey released in 2023, Evington, VA is a predominantly white area, with 79.9% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Evington, VA is black, making up 10.0% of the population. Foreign-born residents account for 6.1% of the population in Evington, VA, and this percentage has increased by 110.3% 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 | 79.9% | -7.1% |
% Black | 10.0% | -3.8% |
% Hispanic | 0.6% | -45.5% |
% Asian | 3.0% | 150.0% |
% Foreign Born | 6.1% | 110.3% |
Mortgage and Risk — Evington, VA
According to HUD data as of 2023, there were 116 mortgage originations in Evington, VA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Evington, VA. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 116 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Evington, VA
Evington, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | $15 | $995 | $1,010 |
| 3 Bedroom | -$330 | $1,720 | $1,390 |
| 4 Bedroom | -$800 | $2,300 | $1,500 |
Affordability — Evington, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $281,000 |
| Median Household Income | $68,000 |