North Tazewell, VA—24630
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Tazewell, VA
As of Oct '25, the median home price in North Tazewell, VA is $132,000, with a year-over-year change of -1.2%. This indicates that home prices in North Tazewell, VA are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $132,000 | -1.2% |
| Single Family | $132,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $79,000 | -7.1% |
3 Bed | $148,000 | 0.7% |
4 Bed | $210,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Tazewell, VA
North Tazewell, 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 — North Tazewell, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in North Tazewell, VA is 102. This is a increase of 73.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | 92.0% |
Listing Count | 14 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 102 | 73.0% |
Demographics — North Tazewell, VA
As of the latest ACS Survey released in 2023, North Tazewell, VA has a population of 5,920, which has decreased by -17.5% over the past 5 years. North Tazewell, VA is a moderately popular place for families, as children make up 19.7% of the population. The area has a poorly educated workforce, with 13.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,920 | -17.5% |
% Under 18 | 19.7% | -5.3% |
% Seniors | 18.8% | -25.7% |
% WFH | 2.2% | 57.1% |
% w/ College Degree | 13.8% | 0.7% |
As of the latest ACS Survey released in 2023, North Tazewell, VA is a predominantly white area, with 89.4% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in North Tazewell, VA is black, making up 4.6% of the population. Foreign-born residents account for 1.5% of the population in North Tazewell, VA, and this percentage has increased by 650.0% 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 | 89.4% | -3.9% |
% Black | 4.6% | -4.2% |
% Hispanic | 0.5% | -68.8% |
% Asian | 1.3% | ∞% |
% Foreign Born | 1.5% | 650.0% |
Mortgage and Risk — North Tazewell, VA
According to HUD data as of 2023, there were 70 mortgage originations in North Tazewell, VA, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in North Tazewell, VA. Investor activity is low, as 1.0% 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 | 70 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — North Tazewell, VA
North Tazewell, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 60 |
Total Units Section 8 | 60 |
% 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 — North Tazewell, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $132,000 |
| Median Household Income | $56,800 |