Broadway, VA 22815 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Broadway, VA—22815

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$316,000

3.0% YoY Growth

Household Income

$70,600

22.8% YoY Growth

Days on Market

22.0% Shorter YoY

Home Price Forecast

2.1%

Median Rent

$1,500

5.3% YoY Growth

1-Bed Rent

$925

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,600

12.2% YoY Growth

Home Price Trends — Broadway, VA

As of Nov '25, the median home price in Broadway, VA is $316,000, with a year-over-year change of 3.0%. This indicates that home prices in Broadway, VA are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$316,000	3.0%
Single Family	$318,000	3.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Broadway, VA

As of July '25, Rentcast reports the average rent in Broadway, VA is $1,440, with a year-over-year rent change of -5.3%. Per bedroom, the median rent as of July '25 in Broadway, VA is 1-bedrooms: $867, 3-bedrooms: $1,650, 4-bedrooms: $1,700. The most common rental property sizes in Broadway, VA are 2-bedroom and 3-bedroom, accounting for 43.7% and 31.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,440
Studio Rent	N/A	N/A
1 Bed Rent	$925	$867
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,600	$1,650
4 Bed Rent	$1,700	$1,700

Loading chart...

% of Rental Stock

Studio

1.6%

1 Bedroom

17.2%

2 Bedrooms

43.7%

3 Bedrooms

31.7%

4 Bedrooms

4.5%

5+ Bedrooms

1.3%

Property Listings — Broadway, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Broadway, VA is 56. 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$427,000	9.0%
Listing Count	29	18.0%
Listings as % of Homes	0.4%	18.0%
Days on Market	56	-22.0%

Loading chart...

Demographics — Broadway, VA

As of the latest ACS Survey released in 2023, Broadway, VA has a population of 8,720, which has decreased by -6.3% over the past 5 years. Broadway, VA is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,720	-6.3%
% Under 18	24.9%	4.6%
% Seniors	19.7%	23.1%
% WFH	7.6%	117.1%
% w/ College Degree	25.3%	22.8%

Loading chart...

As of the latest ACS Survey released in 2023, Broadway, VA is a predominantly white area, with 89.6% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Broadway, VA is hispanic, making up 8.0% of the population. Foreign-born residents account for 5.2% of the population in Broadway, VA, and this percentage has increased by 73.3% 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	89.6%	-3.4%
% Black	0.0%	-100.0%
% Hispanic	8.0%	60.0%
% Asian	0.5%	400.0%
% Foreign Born	5.2%	73.3%

Loading chart...

Mortgage and Risk — Broadway, VA

According to HUD data as of 2023, there were 104 mortgage originations in Broadway, VA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Broadway, VA. Investor activity is low, as 0.0% 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	104
% Conventional Loans	82.0%
% Government Loans	18.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

Loading chart...

Rentals and Section 8 — Broadway, VA

Broadway, VA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	12
Total Units Section 8	12
% Rentals under Section 8	6.7%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$15	$925	$910
2 Bedroom	N/A	N/A	$1,160
3 Bedroom	-$30	$1,600	$1,570
4 Bedroom	$220	$1,700	$1,920

Broadway, VA—22815

Key Metrics at a Glance

Home Price Trends — Broadway, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Broadway, VA

% of Rental Stock

Property Listings — Broadway, VA

Demographics — Broadway, VA

Race and Ethnicity

Mortgage and Risk — Broadway, VA

Mortgages

Rentals and Section 8 — Broadway, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Broadway, VA

Home Price to Income Ratio

Broadway, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Timberville, VA

Linville, VA

Singers Glen, VA

Harrisonburg, VA

New Market, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.9
Median Home Price	$316,000
Median Household Income	$70,600

Broadway, VA—22815

Key Metrics at a Glance

Home Price Trends — Broadway, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Broadway, VA

% of Rental Stock

Property Listings — Broadway, VA

Demographics — Broadway, VA

Race and Ethnicity

Mortgage and Risk — Broadway, VA

Mortgages

Rentals and Section 8 — Broadway, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Broadway, VA

Home Price to Income Ratio

Broadway, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Timberville, VA

Linville, VA

Singers Glen, VA

Harrisonburg, VA

New Market, VA

Frequently Asked Questions

What is the average home price in Broadway, VA 22815?

How have home prices in Broadway, VA 22815 changed over the past year?

What is the home price projection for Broadway, VA 22815?

What are the demographics of Broadway, VA 22815?

How long does it take homes to sell in Broadway, VA 22815?

What is the average rent price in Broadway, VA 22815?