Mineral, VA—23117
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mineral, VA
Mineral, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $449,000 | 3.3% |
| Single Family | $450,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $273,000 | 0.4% |
3 Bed | $415,000 | 2.5% |
4 Bed | $645,000 | 4.4% |
| 5 Bed | $1,201,000 | 5.2% |
% of Housing Stock
Rental Trends — Mineral, VA
As of July '25, Rentcast reports the average rent in Mineral, VA is $2,180, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in Mineral, VA is studios: $1,250, 1-bedrooms: $1,700, 2-bedrooms: $2,020, 3-bedrooms: $2,300, 4-bedrooms: $2,680. The most common rental property sizes in Mineral, VA are 2-bedroom and 3-bedroom, accounting for 47.2% and 43.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,180 |
| Studio Rent | $1,250 | $1,250 |
| 1 Bed Rent | $1,700 | $1,700 |
| 2 Bed Rent | $1,400 | $2,020 |
| 3 Bed Rent | $2,450 | $2,300 |
| 4 Bed Rent | $2,350 | $2,680 |
% of Rental Stock
Property Listings — Mineral, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mineral, VA is 98. This is a increase of 78.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $540,000 | -11.0% |
Listing Count | 134 | 18.0% |
| Listings as % of Homes | 1.4% | 18.0% |
Days on Market | 98 | 78.0% |
Demographics — Mineral, VA
As of the latest ACS Survey released in 2023, Mineral, VA has a population of 10,800, which has increased by 11.9% over the past 5 years. Mineral, VA is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 24.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | 11.9% |
% Under 18 | 19.8% | 19.3% |
% Seniors | 24.2% | 4.8% |
% WFH | 8.7% | 74.0% |
% w/ College Degree | 24.3% | -3.2% |
As of the latest ACS Survey released in 2023, Mineral, VA is a predominantly white area, with 73.8% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Mineral, VA is black, making up 16.5% of the population. Foreign-born residents account for 4.1% of the population in Mineral, VA, and this percentage has decreased by 4.7% 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 | 73.8% | -7.4% |
% Black | 16.5% | 29.9% |
% Hispanic | 3.4% | -33.3% |
% Asian | 0.4% | -60.0% |
% Foreign Born | 4.1% | -4.7% |
Mortgage and Risk — Mineral, VA
According to HUD data as of 2023, there were 342 mortgage originations in Mineral, VA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Mineral, VA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 342 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 18.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Mineral, VA
As of 2024, the percent of homes in Mineral, VA under the Section 8 program is 2.5%. 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. In Mineral, VA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$640 | $1,700 | $1,060 |
| 2 Bedroom | -$230 | $1,400 | $1,170 |
| 3 Bedroom | -$850 | $2,450 | $1,600 |
| 4 Bedroom | -$540 | $2,350 | $1,810 |
Affordability — Mineral, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $449,000 |
| Median Household Income | $85,800 |