Mathews, VA—23109
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mathews, VA
As of Oct '25, the median home price in Mathews, VA is $326,000, with a year-over-year change of 1.0%. This indicates that home prices in Mathews, VA are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $326,000 | 1.0% |
| Single Family | $326,000 | 0.3% |
| 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 | $354,000 | 3.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mathews, VA
As of July '25, Rentcast reports the average rent in Mathews, VA is $1,000, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Mathews, VA is 1-bedrooms: $1,000. The most common rental property sizes in Mathews, VA are 2-bedroom and 1-bedroom, accounting for 92.9% and 7.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,000 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mathews, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mathews, VA is 62. This is a increase of 22.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $870,000 | 28.0% |
Listing Count | 11 | -33.0% |
| Listings as % of Homes | 1.2% | -33.0% |
Days on Market | 62 | 22.0% |
Demographics — Mathews, VA
As of the latest ACS Survey released in 2023, Mathews, VA has a population of 2,520, which has increased by 15.9% over the past 5 years. Mathews, VA is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 27.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,520 | 15.9% |
% Under 18 | 26.5% | 152.4% |
% Seniors | 27.1% | -12.3% |
% WFH | 10.5% | 483.3% |
% w/ College Degree | 27.4% | -21.0% |
As of the latest ACS Survey released in 2023, Mathews, VA is a predominantly white area, with 90.0% of the population identifying as white. The white population has grown by 11.0% in the last 5 years. The second most common race or ethnicity in Mathews, VA is hispanic, making up 5.2% of the population. Foreign-born residents account for 2.0% of the population in Mathews, VA, and this percentage has increased by 66.7% 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 | 90.0% | 11.0% |
% Black | 2.8% | -79.3% |
% Hispanic | 5.2% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.0% | 66.7% |
Mortgage and Risk — Mathews, VA
According to HUD data as of 2023, there were 17 mortgage originations in Mathews, VA, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Mathews, VA. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 17 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 0.0% |
% Second Loans | 12.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Mathews, VA
Mathews, 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 | $160 | $1,000 | $1,160 |
| 2 Bedroom | N/A | N/A | $1,350 |
| 3 Bedroom | N/A | N/A | $1,880 |
| 4 Bedroom | N/A | N/A | $2,280 |
Affordability — Mathews, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $326,000 |
| Median Household Income | $69,400 |