Afton, VA—22920
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Afton, VA
As of Oct '25, the median home price in Afton, VA is $435,000, with a year-over-year change of 2.7%. This indicates that home prices in Afton, VA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $435,000 | 2.7% |
| Single Family | $435,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $319,000 | 2.9% |
3 Bed | $413,000 | 3.2% |
4 Bed | $691,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Afton, VA
As of July '25, Rentcast reports the average rent in Afton, VA is $2,500, with a year-over-year rent change of 13.6%. Per bedroom, the median rent as of July '25 in Afton, VA is 3-bedrooms: $2,500. The most common rental property sizes in Afton, VA are 3-bedroom and 2-bedroom, accounting for 28.4% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Afton, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Afton, VA is 41. This is a decrease of -46.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $984,000 | 24.0% |
Listing Count | 24 | 20.0% |
| Listings as % of Homes | 0.4% | 20.0% |
Days on Market | 41 | -46.0% |
Demographics — Afton, VA
As of the latest ACS Survey released in 2023, Afton, VA has a population of 3,740, which has increased by 3.7% over the past 5 years. Afton, VA is a less popular place for families, as children make up 12.1% of the population. The area has a highly educated workforce, with 46.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,740 | 3.7% |
% Under 18 | 12.1% | -33.1% |
% Seniors | 31.3% | 40.4% |
% WFH | 14.9% | 79.5% |
% w/ College Degree | 46.5% | 1.1% |
As of the latest ACS Survey released in 2023, Afton, VA is a predominantly white area, with 90.4% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Afton, VA is hispanic, making up 4.7% of the population. Foreign-born residents account for 0.9% of the population in Afton, VA, and this percentage has decreased by 71.9% 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 | 90.4% | -2.6% |
% Black | 2.7% | 237.5% |
% Hispanic | 4.7% | 62.1% |
% Asian | 0.2% | -81.8% |
% Foreign Born | 0.9% | -71.9% |
Mortgage and Risk — Afton, VA
According to HUD data as of 2023, there were 129 mortgage originations in Afton, VA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Afton, VA. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 129 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Afton, VA
Afton, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,300 |
| 2 Bedroom | N/A | N/A | $1,520 |
| 3 Bedroom | -$590 | $2,500 | $1,910 |
| 4 Bedroom | N/A | N/A | $2,350 |
Affordability — Afton, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $435,000 |
| Median Household Income | $101,000 |