McCormick Road Houses, VA 22904 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

McCormick Road Houses, VA—22904

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

N/A

Household Income

$250,000

N/A

Days on Market

N/A

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — McCormick Road Houses, VA

McCormick Road Houses, VA lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	N/A	N/A
Single Family	N/A	N/A
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — McCormick Road Houses, VA

McCormick Road Houses, 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

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% of Rental Stock

Studio

14.3%

3 Bedrooms

38.1%

4 Bedrooms

47.6%

Property Listings — McCormick Road Houses, VA

McCormick Road Houses, VA lacks sufficient listing trend data for analysis.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	N/A	N/A
Listing Count	N/A	N/A
Listings as % of Homes	N/A	N/A
Days on Market	N/A	N/A

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Demographics — McCormick Road Houses, VA

As of the latest ACS Survey released in 2023, McCormick Road Houses, VA has a population of 5,800, which has increased by 13.7% over the past 5 years. McCormick Road Houses, VA is a less popular place for families, as children make up 1.5% of the population. The area has a highly educated workforce, with 83.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,800	13.7%
% Under 18	1.5%	87.5%
% Seniors	0.0%	N/A
% WFH	28.2%	403.6%
% w/ College Degree	83.5%	12.2%

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As of the latest ACS Survey released in 2023, McCormick Road Houses, VA is a predominantly white area, with 59.9% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in McCormick Road Houses, VA is asian, making up 18.6% of the population. Foreign-born residents account for 7.8% of the population in McCormick Road Houses, VA, and this percentage has decreased by 42.6% 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	59.9%	-2.8%
% Black	11.8%	57.3%
% Hispanic	4.1%	-50.6%
% Asian	18.6%	8.1%
% Foreign Born	7.8%	-42.6%

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Mortgage and Risk — McCormick Road Houses, VA

According to HUD data as of 2023, there were 4 mortgage originations in McCormick Road Houses, VA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in McCormick Road Houses, VA. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	4
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	0.0%
% Second Loans	25.0%
% Cash Out Refinance	0.0%

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Rentals and Section 8 — McCormick Road Houses, VA

McCormick Road Houses, VA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

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

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,480
2 Bedroom	N/A	N/A	$1,720
3 Bedroom	N/A	N/A	$2,140
4 Bedroom	N/A	N/A	$2,610

McCormick Road Houses, VA—22904

Key Metrics at a Glance

Home Price Trends — McCormick Road Houses, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — McCormick Road Houses, VA

% of Rental Stock

Property Listings — McCormick Road Houses, VA

Demographics — McCormick Road Houses, VA

Race and Ethnicity

Mortgage and Risk — McCormick Road Houses, VA

Mortgages

Rentals and Section 8 — McCormick Road Houses, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — McCormick Road Houses, VA

Home Price to Income Ratio

McCormick Road Houses, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Charlottesville, VA

Charlottesville, VA

Charlottesville, VA

Charlottesville, VA

Earlysville, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	$250,000

McCormick Road Houses, VA—22904

Key Metrics at a Glance

Home Price Trends — McCormick Road Houses, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — McCormick Road Houses, VA

% of Rental Stock

Property Listings — McCormick Road Houses, VA

Demographics — McCormick Road Houses, VA

Race and Ethnicity

Mortgage and Risk — McCormick Road Houses, VA

Mortgages

Rentals and Section 8 — McCormick Road Houses, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — McCormick Road Houses, VA

Home Price to Income Ratio

McCormick Road Houses, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Charlottesville, VA

Charlottesville, VA

Charlottesville, VA

Charlottesville, VA

Earlysville, VA

Frequently Asked Questions

What is the average home price in McCormick Road Houses, VA 22904?

How have home prices in McCormick Road Houses, VA 22904 changed over the past year?

What is the home price projection for McCormick Road Houses, VA 22904?

What are the demographics of McCormick Road Houses, VA 22904?

How long does it take homes to sell in McCormick Road Houses, VA 22904?

What is the average rent price in McCormick Road Houses, VA 22904?