Broadway, VA—22815
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Broadway, VA
As of Oct '25, the median home price in Broadway, VA is $314,000, 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 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $314,000 | 3.0% |
| Single Family | $315,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $243,000 | 1.7% |
3 Bed | $319,000 | 3.2% |
4 Bed | $390,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Broadway, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Broadway, VA is 35. This is a decrease of -6.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $361,000 | 1.0% |
Listing Count | 34 | 22.0% |
| Listings as % of Homes | 0.4% | 22.0% |
Days on Market | 35 | -6.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Broadway, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $314,000 |
| Median Household Income | $70,600 |