Free Union, VA—22940
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Free Union, VA
As of Oct '25, the median home price in Free Union, VA is $608,000, with a year-over-year change of 0.1%. This indicates that home prices in Free Union, VA are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $608,000 | 0.1% |
| Single Family | $607,000 | -0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $593,000 | -0.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Free Union, VA
Free Union, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,300 | $2,300 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Free Union, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Free Union, VA is 72. This is a decrease of -8.0% 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 | $1,970,000 | 219.0% |
Listing Count | 4 | -48.0% |
| Listings as % of Homes | 0.7% | -48.0% |
Days on Market | 72 | -8.0% |
Demographics — Free Union, VA
As of the latest ACS Survey released in 2023, Free Union, VA has a population of 935, which has decreased by -34.1% over the past 5 years. Free Union, VA is a moderately popular place for families, as children make up 21.8% of the population. The area has a highly educated workforce, with 48.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 935 | -34.1% |
% Under 18 | 21.8% | 3.8% |
% Seniors | 17.6% | -37.6% |
% WFH | 18.8% | -9.6% |
% w/ College Degree | 48.4% | 50.3% |
As of the latest ACS Survey released in 2023, Free Union, VA is a predominantly white area, with 90.4% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Free Union, VA is hispanic, making up 1.9% of the population. Foreign-born residents account for 6.3% of the population in Free Union, VA, and this percentage has increased by 96.9% 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 | 90.4% | -2.7% |
% Black | 0.9% | -35.7% |
% Hispanic | 1.9% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 6.3% | 96.9% |
Mortgage and Risk — Free Union, VA
Free Union, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Free Union, VA
Free Union, 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 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,630 |
| 2 Bedroom | N/A | N/A | $1,900 |
| 3 Bedroom | $80 | $2,300 | $2,380 |
| 4 Bedroom | -$610 | $3,500 | $2,890 |
Affordability — Free Union, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $608,000 |
| Median Household Income | $93,600 |