Bluefield, WV—24701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bluefield, WV
As of Oct '25, the median home price in Bluefield, WV is $107,000, with a year-over-year change of -3.6%. This indicates that home prices in Bluefield, WV are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $107,000 | -3.6% |
| Single Family | $107,000 | -5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $57,000 | -10.9% |
2 Bed | $80,000 | -5.9% |
3 Bed | $124,000 | -2.4% |
4 Bed | $146,000 | -1.4% |
| 5 Bed | $181,000 | -1.1% |
% of Housing Stock
Rental Trends — Bluefield, WV
As of July '25, Rentcast reports the average rent in Bluefield, WV is $979, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Bluefield, WV is 2-bedrooms: $727, 3-bedrooms: $1,360, 4-bedrooms: $1,100. The most common rental property sizes in Bluefield, WV are 2-bedroom and 3-bedroom, accounting for 45.6% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $878 | $979 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $685 | $727 |
| 3 Bed Rent | $1,550 | $1,360 |
| 4 Bed Rent | $1,100 | $1,100 |
% of Rental Stock
Property Listings — Bluefield, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Bluefield, WV is 59. This is a decrease of -30.0% 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 | $160,000 | -3.0% |
Listing Count | 65 | -1.0% |
| Listings as % of Homes | 0.4% | -1.0% |
Days on Market | 59 | -30.0% |
Demographics — Bluefield, WV
As of the latest ACS Survey released in 2023, Bluefield, WV has a population of 17,900, which has decreased by -8.8% over the past 5 years. Bluefield, WV is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 19.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | -8.8% |
% Under 18 | 20.4% | 0.5% |
% Seniors | 25.3% | 27.1% |
% WFH | 5.7% | 96.6% |
% w/ College Degree | 19.4% | 1.0% |
As of the latest ACS Survey released in 2023, Bluefield, WV is a predominantly white area, with 82.1% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Bluefield, WV is black, making up 9.2% of the population. Foreign-born residents account for 1.0% of the population in Bluefield, WV, and this percentage has decreased by 28.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.1% | -0.7% |
% Black | 9.2% | -35.2% |
% Hispanic | 1.9% | 216.7% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 1.0% | -28.6% |
Mortgage and Risk — Bluefield, WV
According to HUD data as of 2023, there were 160 mortgage originations in Bluefield, WV, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Bluefield, WV. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 160 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 3.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Bluefield, WV
Bluefield, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 524 |
Total Units Section 8 | 361 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 82.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | $175 | $685 | $860 |
| 3 Bedroom | -$370 | $1,550 | $1,180 |
| 4 Bedroom | $160 | $1,100 | $1,260 |
Affordability — Bluefield, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $107,000 |
| Median Household Income | $44,200 |