Mathews, VA 23109 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mathews, VA—23109

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$326,000

0.3% YoY Growth

Household Income

$69,400

8.0% YoY Growth

Days on Market

32.0% Longer YoY

Home Price Forecast

1.3%

Median Rent

$1,000

4.8% YoY Growth

1-Bed Rent

$1,000

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Mathews, VA

As of Nov '25, the median home price in Mathews, VA is $326,000, with a year-over-year change of 0.3%. This indicates that home prices in Mathews, VA are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$326,000	0.3%
Single Family	$325,000	-0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

7.1%

2 Bedrooms

92.9%

Property Listings — Mathews, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Mathews, VA is 68. This is a increase of 32.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$832,000	73.0%
Listing Count	12	-34.0%
Listings as % of Homes	1.2%	-34.0%
Days on Market	68	32.0%

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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%

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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%

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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%

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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

Mathews, VA—23109

Key Metrics at a Glance

Home Price Trends — Mathews, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mathews, VA

% of Rental Stock

Property Listings — Mathews, VA

Demographics — Mathews, VA

Race and Ethnicity

Mortgage and Risk — Mathews, VA

Mortgages

Rentals and Section 8 — Mathews, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Mathews, VA

Home Price to Income Ratio

Mathews, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Retz, VA

Redart, VA

Fitchetts, VA

Hallieford, VA

Gloucester, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.3
Median Home Price	$326,000
Median Household Income	$69,400

Mathews, VA—23109

Key Metrics at a Glance

Home Price Trends — Mathews, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mathews, VA

% of Rental Stock

Property Listings — Mathews, VA

Demographics — Mathews, VA

Race and Ethnicity

Mortgage and Risk — Mathews, VA

Mortgages

Rentals and Section 8 — Mathews, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Mathews, VA

Home Price to Income Ratio

Mathews, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Retz, VA

Redart, VA

Fitchetts, VA

Hallieford, VA

Gloucester, VA

Frequently Asked Questions

What is the average home price in Mathews, VA 23109?

How have home prices in Mathews, VA 23109 changed over the past year?

What is the home price projection for Mathews, VA 23109?

What are the demographics of Mathews, VA 23109?

How long does it take homes to sell in Mathews, VA 23109?

What is the average rent price in Mathews, VA 23109?