Evington, VA 24550 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Evington, VA—24550

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$298,000

1.8% YoY Growth

Household Income

$68,000

19.2% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

1.4%

Median Rent

$1,700

1.2% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$995

17.4% YoY Growth

3-Bed Rent

$1,720

3.4% YoY Growth

Home Price Trends — Evington, VA

As of May '26, the median home price in Evington, VA is $298,000, with a year-over-year change of 1.8%. This indicates that home prices in Evington, VA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$298,000	1.8%
Single Family	$298,000	1.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

2 Bedrooms

57.3%

3 Bedrooms

42.7%

Property Listings — Evington, VA

As of May '26, Realtor.com reports that the median days on market for a home in Evington, VA is 72. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$480,000	5.0%
Listing Count	25	23.0%
Listings as % of Homes	0.6%	23.0%
Days on Market	72	1.0%

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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%

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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%

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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%

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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

Evington, VA—24550

Key Metrics at a Glance

Home Price Trends — Evington, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Evington, VA

% of Rental Stock

Property Listings — Evington, VA

Demographics — Evington, VA

Race and Ethnicity

Mortgage and Risk — Evington, VA

Mortgages

Rentals and Section 8 — Evington, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Evington, VA

Home Price to Income Ratio

Evington, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Altavista, VA

Lynchburg, VA

Forest, VA

Lynch Station, VA

Southland Acres

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$298,000
Median Household Income	$68,000

Evington, VA—24550

Key Metrics at a Glance

Home Price Trends — Evington, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Evington, VA

% of Rental Stock

Property Listings — Evington, VA

Demographics — Evington, VA

Race and Ethnicity

Mortgage and Risk — Evington, VA

Mortgages

Rentals and Section 8 — Evington, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Evington, VA

Home Price to Income Ratio

Evington, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Altavista, VA

Lynchburg, VA

Forest, VA

Lynch Station, VA

Southland Acres

Frequently Asked Questions

What is the average home price in Evington, VA 24550?

How have home prices in Evington, VA 24550 changed over the past year?

What is the home price projection for Evington, VA 24550?

What are the demographics of Evington, VA 24550?

How long does it take homes to sell in Evington, VA 24550?

What is the average rent price in Evington, VA 24550?