Cedar Bluff, VA—24609
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Cedar Bluff, VA
Home Price Trends — Cedar Bluff, VA
As of Oct '25, the median home price in Cedar Bluff, VA is $149,000, with a year-over-year change of -2.3%. This indicates that home prices in Cedar Bluff, 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 | $149,000 | -2.3% |
| Single Family | $149,000 | -2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $89,000 | -9.2% |
3 Bed | $163,000 | -0.6% |
4 Bed | $219,000 | 1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cedar Bluff, VA
Cedar Bluff, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| 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 | N/A | N/A |
% of Rental Stock
Property Listings — Cedar Bluff, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cedar Bluff, VA is 71. This is a increase of 44.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $220,000 | -7.0% |
Listing Count | 25 | 13.0% |
| Listings as % of Homes | 0.3% | 13.0% |
Days on Market | 71 | 44.0% |
Demographics — Cedar Bluff, VA
As of the latest ACS Survey released in 2023, Cedar Bluff, VA has a population of 6,850, which has decreased by -4.5% over the past 5 years. Cedar Bluff, VA is a moderately popular place for families, as children make up 18.1% of the population. The area has a poorly educated workforce, with 12.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,850 | -4.5% |
% Under 18 | 18.1% | -10.4% |
% Seniors | 25.3% | 45.4% |
% WFH | 4.0% | -29.8% |
% w/ College Degree | 12.5% | -29.4% |
As of the latest ACS Survey released in 2023, Cedar Bluff, VA is a predominantly white area, with 98.5% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Cedar Bluff, VA is black, making up 0.1% of the population. Foreign-born residents account for 0.2% of the population in Cedar Bluff, VA, and this percentage has increased by 100.0% 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 | 98.5% | -1.2% |
% Black | 0.1% | ∞% |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 0.2% | 100.0% |
Mortgage and Risk — Cedar Bluff, VA
According to HUD data as of 2023, there were 33 mortgage originations in Cedar Bluff, VA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Cedar Bluff, VA. Investor activity is low, as 0.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 33 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Cedar Bluff, VA
Cedar Bluff, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 34 |
Total Units Section 8 | 34 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | N/A | N/A | $850 |
| 3 Bedroom | N/A | N/A | $1,030 |
| 4 Bedroom | N/A | N/A | $1,250 |
Affordability — Cedar Bluff, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $149,000 |
| Median Household Income | $50,100 |