McGaheysville, VA 22840 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

McGaheysville, VA—22840

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$420,000

3.7% YoY Growth

Household Income

$93,600

26.1% YoY Growth

Days on Market

28.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$2,200

0.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,700

9.8% YoY Growth

3-Bed Rent

$2,500

18.6% YoY Growth

Home Price Trends — McGaheysville, VA

As of Nov '25, the median home price in McGaheysville, VA is $420,000, with a year-over-year change of 3.7%. This indicates that home prices in McGaheysville, VA are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$420,000	3.7%
Single Family	$422,000	3.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — McGaheysville, VA

As of July '25, Rentcast reports the average rent in McGaheysville, VA is $2,440, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in McGaheysville, VA is 2-bedrooms: $1,680, 3-bedrooms: $2,420, 4-bedrooms: $2,030. The most common rental property sizes in McGaheysville, VA are 3-bedroom and 2-bedroom, accounting for 52.7% and 32.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,440
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,700	$1,680
3 Bed Rent	$2,500	$2,420
4 Bed Rent	$1,950	$2,030

Loading chart...

% of Rental Stock

2 Bedrooms

32.9%

3 Bedrooms

52.7%

4 Bedrooms

11.5%

5+ Bedrooms

2.9%

Property Listings — McGaheysville, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in McGaheysville, VA is 46. This is a increase of 28.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$469,000	4.0%
Listing Count	46	33.0%
Listings as % of Homes	0.4%	33.0%
Days on Market	46	28.0%

Loading chart...

Demographics — McGaheysville, VA

As of the latest ACS Survey released in 2023, McGaheysville, VA has a population of 5,230, which has increased by 19.9% over the past 5 years. McGaheysville, VA is a moderately popular place for families, as children make up 21.3% of the population. The area has a highly educated workforce, with 45.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,230	19.9%
% Under 18	21.3%	-11.6%
% Seniors	18.9%	7.4%
% WFH	7.3%	231.8%
% w/ College Degree	45.3%	8.9%

Loading chart...

As of the latest ACS Survey released in 2023, McGaheysville, VA is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 14.4% in the last 5 years. The second most common race or ethnicity in McGaheysville, VA is hispanic, making up 14.9% of the population. Foreign-born residents account for 11.6% of the population in McGaheysville, VA, and this percentage has increased by 197.4% 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	77.3%	-14.4%
% Black	1.8%	-58.1%
% Hispanic	14.9%	217.0%
% Asian	5.3%	2,550.0%
% Foreign Born	11.6%	197.4%

Loading chart...

Mortgage and Risk — McGaheysville, VA

According to HUD data as of 2023, there were 147 mortgage originations in McGaheysville, VA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in McGaheysville, VA. Investor activity is low, as 9.0% 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	147
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	9.0%
% Second Loans	22.0%
% Cash Out Refinance	8.0%

Loading chart...

Rentals and Section 8 — McGaheysville, VA

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

Section 8 Market Size

Total Units under HUD	65
Total Units Section 8	65
% Rentals under Section 8	1.6%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,550
2 Bedroom	$280	$1,700	$1,980
3 Bedroom	$180	$2,500	$2,680
4 Bedroom	$1,340	$1,950	$3,290

McGaheysville, VA—22840

Key Metrics at a Glance

Home Price Trends — McGaheysville, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — McGaheysville, VA

% of Rental Stock

Property Listings — McGaheysville, VA

Demographics — McGaheysville, VA

Race and Ethnicity

Mortgage and Risk — McGaheysville, VA

Mortgages

Rentals and Section 8 — McGaheysville, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — McGaheysville, VA

Home Price to Income Ratio

McGaheysville, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Penn Laird, VA

Zenda, VA

Port Republic, VA

Elkton, VA

Preston Heights

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$420,000
Median Household Income	$93,600

McGaheysville, VA—22840

Key Metrics at a Glance

Home Price Trends — McGaheysville, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — McGaheysville, VA

% of Rental Stock

Property Listings — McGaheysville, VA

Demographics — McGaheysville, VA

Race and Ethnicity

Mortgage and Risk — McGaheysville, VA

Mortgages

Rentals and Section 8 — McGaheysville, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — McGaheysville, VA

Home Price to Income Ratio

McGaheysville, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Penn Laird, VA

Zenda, VA

Port Republic, VA

Elkton, VA

Preston Heights

Frequently Asked Questions

What is the average home price in McGaheysville, VA 22840?

How have home prices in McGaheysville, VA 22840 changed over the past year?

What is the home price projection for McGaheysville, VA 22840?

What are the demographics of McGaheysville, VA 22840?

How long does it take homes to sell in McGaheysville, VA 22840?

What is the average rent price in McGaheysville, VA 22840?