Glen Allen, VA—23060
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Glen Allen, VA
Home Price Trends — Glen Allen, VA
As of Oct '25, the median home price in Glen Allen, VA is $449,000, with a year-over-year change of 1.4%. This indicates that home prices in Glen Allen, VA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $449,000 | 1.4% |
| Single Family | $454,000 | 1.3% |
| Condos | $389,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $266,000 | 0.4% |
3 Bed | $397,000 | 1.3% |
4 Bed | $509,000 | 1.8% |
| 5 Bed | $672,000 | 1.5% |
% of Housing Stock
Rental Trends — Glen Allen, VA
As of July '25, Rentcast reports the average rent in Glen Allen, VA is $2,450, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Glen Allen, VA is studios: $1,560, 1-bedrooms: $1,520, 2-bedrooms: $2,040, 3-bedrooms: $2,590, 4-bedrooms: $2,760. The most common rental property sizes in Glen Allen, VA are 3-bedroom and 2-bedroom, accounting for 32.3% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,450 |
| Studio Rent | $1,500 | $1,560 |
| 1 Bed Rent | $1,560 | $1,520 |
| 2 Bed Rent | $2,100 | $2,040 |
| 3 Bed Rent | $2,500 | $2,590 |
| 4 Bed Rent | $2,700 | $2,760 |
% of Rental Stock
Property Listings — Glen Allen, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Glen Allen, VA is 40. This is a decrease of -2.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $434,000 | -9.0% |
Listing Count | 144 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 40 | -2.0% |
Demographics — Glen Allen, VA
As of the latest ACS Survey released in 2023, Glen Allen, VA has a population of 36,100, which has decreased by -5.5% over the past 5 years. Glen Allen, VA is a moderately popular place for families, as children make up 22.2% of the population. The area has a highly educated workforce, with 51.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,100 | -5.5% |
% Under 18 | 22.2% | -11.9% |
% Seniors | 17.0% | 36.0% |
% WFH | 26.0% | 465.2% |
% w/ College Degree | 51.2% | 2.2% |
As of the latest ACS Survey released in 2023, Glen Allen, VA is a predominantly white area, with 54.3% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Glen Allen, VA is black, making up 19.0% of the population. Foreign-born residents account for 17.8% of the population in Glen Allen, VA, and this percentage has increased by 8.5% 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 | 54.3% | -6.7% |
% Black | 19.0% | -1.6% |
% Hispanic | 6.3% | 8.6% |
% Asian | 15.6% | 20.9% |
% Foreign Born | 17.8% | 8.5% |
Mortgage and Risk — Glen Allen, VA
According to HUD data as of 2023, there were 759 mortgage originations in Glen Allen, VA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Glen Allen, VA. Investor activity is low, as 5.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 759 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Glen Allen, VA
As of 2024, the percent of homes in Glen Allen, VA under the Section 8 program is 10.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Glen Allen, VA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 316 |
Total Units Section 8 | 316 |
% Rentals under Section 8 | 10.7% |
% Occupied Section 8 | 80.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,560 | $1,730 |
| 2 Bedroom | -$190 | $2,100 | $1,910 |
| 3 Bedroom | -$80 | $2,500 | $2,420 |
| 4 Bedroom | $290 | $2,700 | $2,990 |
Affordability — Glen Allen, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $449,000 |
| Median Household Income | $107,000 |