Goode, VA—24556
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Goode, VA
As of Oct '25, the median home price in Goode, VA is $408,000, with a year-over-year change of 4.0%. This indicates that home prices in Goode, VA are increasing. 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 | $408,000 | 4.0% |
| Single Family | $408,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $290,000 | 1.4% |
3 Bed | $391,000 | 5.1% |
4 Bed | $508,000 | 5.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Goode, VA
As of July '25, Rentcast reports the average rent in Goode, VA is $2,500, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Goode, VA is 4-bedrooms: $2,500. The most common rental property sizes in Goode, VA are 2-bedroom and 4-bedroom, accounting for 59.6% and 19.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Goode, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Goode, VA is 72. This is a increase of 43.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | 21.0% |
Listing Count | 25 | 10.0% |
| Listings as % of Homes | 1.2% | 10.0% |
Days on Market | 72 | 43.0% |
Demographics — Goode, VA
As of the latest ACS Survey released in 2023, Goode, VA has a population of 2,700, which has decreased by -13.2% over the past 5 years. Goode, VA is a moderately popular place for families, as children make up 15.6% of the population. The area has a moderately educated workforce, with 27.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,700 | -13.2% |
% Under 18 | 15.6% | -24.6% |
% Seniors | 31.3% | 54.2% |
% WFH | 16.7% | 297.6% |
% w/ College Degree | 27.6% | -10.1% |
As of the latest ACS Survey released in 2023, Goode, VA is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Goode, VA is black, making up 3.0% of the population. Foreign-born residents account for 5.1% of the population in Goode, VA, and this percentage has increased by Inf% 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 | 88.5% | -0.3% |
% Black | 3.0% | -45.5% |
% Hispanic | 1.1% | -59.3% |
% Asian | 2.5% | 38.9% |
% Foreign Born | 5.1% | ∞% |
Mortgage and Risk — Goode, VA
According to HUD data as of 2023, there were 97 mortgage originations in Goode, VA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Goode, 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 | 97 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Goode, VA
Goode, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,110 |
| 2 Bedroom | N/A | N/A | $1,250 |
| 3 Bedroom | N/A | N/A | $1,720 |
| 4 Bedroom | -$640 | $2,500 | $1,860 |
Affordability — Goode, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $408,000 |
| Median Household Income | $84,800 |