Bluefield, VA—24605
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Bluefield, VA
Home Price Trends — Bluefield, VA
As of Oct '25, the median home price in Bluefield, VA is $139,000, with a year-over-year change of -1.7%. This indicates that home prices in Bluefield, VA are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $139,000 | -1.7% |
| Single Family | $139,000 | -2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $69,000 | -15.9% |
3 Bed | $153,000 | -0.6% |
4 Bed | $233,000 | 5.0% |
| 5 Bed | $326,000 | 4.8% |
% of Housing Stock
Rental Trends — Bluefield, VA
As of July '25, Rentcast reports the average rent in Bluefield, VA is $861, with a year-over-year rent change of 56.5%. Per bedroom, the median rent as of July '25 in Bluefield, VA is 2-bedrooms: $815, 4-bedrooms: $1,000. The most common rental property sizes in Bluefield, VA are 2-bedroom and 3-bedroom, accounting for 45.3% and 43.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $825 | $861 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $825 | $815 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,000 | $1,000 |
% of Rental Stock
Property Listings — Bluefield, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bluefield, VA is 58. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $227,000 | 36.0% |
Listing Count | 39 | 19.0% |
| Listings as % of Homes | 0.4% | 19.0% |
Days on Market | 58 | -22.0% |
Demographics — Bluefield, VA
As of the latest ACS Survey released in 2023, Bluefield, VA has a population of 8,840, which has increased by 1.8% over the past 5 years. Bluefield, VA is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,840 | 1.8% |
% Under 18 | 20.5% | 24.2% |
% Seniors | 23.0% | 7.5% |
% WFH | 8.6% | 17.8% |
% w/ College Degree | 21.5% | 12.6% |
As of the latest ACS Survey released in 2023, Bluefield, VA is a predominantly white area, with 87.5% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Bluefield, VA is black, making up 8.1% of the population. Foreign-born residents account for 2.7% of the population in Bluefield, VA, and this percentage has increased by 35.0% 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 | 87.5% | -3.8% |
% Black | 8.1% | 68.8% |
% Hispanic | 3.2% | 60.0% |
% Asian | 0.9% | -18.2% |
% Foreign Born | 2.7% | 35.0% |
Mortgage and Risk — Bluefield, VA
According to HUD data as of 2023, there were 103 mortgage originations in Bluefield, VA, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Bluefield, VA. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 103 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Bluefield, VA
Bluefield, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 152 |
Total Units Section 8 | 121 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 74.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | $115 | $825 | $940 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | $380 | $1,000 | $1,380 |
Affordability — Bluefield, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $139,000 |
| Median Household Income | $51,400 |