Gretna, VA—24557
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gretna, VA
As of Oct '25, the median home price in Gretna, VA is $167,000, with a year-over-year change of -0.2%. This indicates that home prices in Gretna, VA are flat. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $167,000 | -0.2% |
| Single Family | $167,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $141,000 | 0.0% |
3 Bed | $198,000 | 3.1% |
4 Bed | $262,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gretna, VA
Gretna, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $500 | $473 |
| Studio Rent | $325 | $325 |
| 1 Bed Rent | $500 | $548 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gretna, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Gretna, VA is 77. 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $190,000 | -11.0% |
Listing Count | 32 | 28.0% |
| Listings as % of Homes | 0.2% | 28.0% |
Days on Market | 77 | 1.0% |
Demographics — Gretna, VA
As of the latest ACS Survey released in 2023, Gretna, VA has a population of 7,830, which has increased by 4.0% over the past 5 years. Gretna, VA is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 12.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,830 | 4.0% |
% Under 18 | 17.9% | -8.7% |
% Seniors | 24.0% | -12.1% |
% WFH | 6.5% | 116.7% |
% w/ College Degree | 12.4% | 8.8% |
As of the latest ACS Survey released in 2023, Gretna, VA is a predominantly white area, with 76.0% of the population identifying as white. The white population has grown by 3.3% in the last 5 years. The second most common race or ethnicity in Gretna, VA is black, making up 20.0% of the population. Foreign-born residents account for 1.2% of the population in Gretna, VA, and this percentage has increased by 50.0% 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 | 76.0% | 3.3% |
% Black | 20.0% | -7.4% |
% Hispanic | 1.6% | 33.3% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 1.2% | 50.0% |
Mortgage and Risk — Gretna, VA
According to HUD data as of 2023, there were 124 mortgage originations in Gretna, VA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Gretna, VA. Investor activity is low, as 3.0% 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 | 124 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 3.0% |
% Second Loans | 12.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Gretna, VA
Gretna, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 57 |
Total Units Section 8 | 57 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $500 | $700 |
| 2 Bedroom | N/A | N/A | $850 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Gretna, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $167,000 |
| Median Household Income | $44,900 |