Spout Spring, VA—24593
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spout Spring, VA
As of Oct '25, the median home price in Spout Spring, VA is $297,000, with a year-over-year change of 3.5%. This indicates that home prices in Spout Spring, VA are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $297,000 | 3.5% |
| Single Family | $296,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $299,000 | 4.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spout Spring, VA
Spout Spring, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,600 |
| 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 | $1,600 | $1,600 |
% of Rental Stock
Property Listings — Spout Spring, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Spout Spring, VA is 74. This is a increase of 42.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -17.0% |
Listing Count | 12 | 138.0% |
| Listings as % of Homes | 0.3% | 138.0% |
Days on Market | 74 | 42.0% |
Demographics — Spout Spring, VA
As of the latest ACS Survey released in 2023, Spout Spring, VA has a population of 2,100, which has remained stable by 0.4% over the past 5 years. Spout Spring, VA is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,100 | 0.4% |
% Under 18 | 19.2% | -4.5% |
% Seniors | 16.8% | 9.8% |
% WFH | 6.9% | 213.6% |
% w/ College Degree | 19.7% | 15.2% |
As of the latest ACS Survey released in 2023, Spout Spring, VA is a predominantly white area, with 81.8% of the population identifying as white. The white population has grown by 23.0% in the last 5 years. The second most common race or ethnicity in Spout Spring, VA is black, making up 12.9% of the population. Foreign-born residents account for 2.3% of the population in Spout Spring, VA, and this percentage has increased by 360.0% 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 | 81.8% | 23.0% |
% Black | 12.9% | -58.9% |
% Hispanic | 2.9% | 141.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.3% | 360.0% |
Mortgage and Risk — Spout Spring, VA
Spout Spring, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Spout Spring, VA
Spout Spring, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,050 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | N/A | N/A | $1,630 |
| 4 Bedroom | $170 | $1,600 | $1,770 |
Affordability — Spout Spring, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $297,000 |
| Median Household Income | $75,100 |