Mineral, VA 23117 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mineral, VA—23117

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$449,000

3.1% YoY Growth

Household Income

$85,800

23.7% YoY Growth

Days on Market

61.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$2,350

6.0% YoY Growth

1-Bed Rent

$1,700

N/A

2-Bed Rent

$1,400

N/A

3-Bed Rent

$2,450

0.9% YoY Growth

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	3.1%
Single Family	$450,000	2.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

1 Bedroom

1.0%

2 Bedrooms

47.2%

3 Bedrooms

43.9%

4 Bedrooms

5.3%

5+ Bedrooms

2.5%

Property Listings — Mineral, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Mineral, VA is 64. This is a increase of 61.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$525,000	-10.0%
Listing Count	125	4.0%
Listings as % of Homes	1.4%	4.0%
Days on Market	64	61.0%

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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%

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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%

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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%

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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

Mineral, VA—23117

Key Metrics at a Glance

Home Price Trends — Mineral, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mineral, VA

% of Rental Stock

Property Listings — Mineral, VA

Demographics — Mineral, VA

Race and Ethnicity

Mortgage and Risk — Mineral, VA

Mortgages

Rentals and Section 8 — Mineral, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Mineral, VA

Home Price to Income Ratio

Mineral, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Bumpass, VA

Louisa, VA

Gumspring, VA

Goochland, VA

Partlow, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.6
Median Home Price	$449,000
Median Household Income	$85,800

Mineral, VA—23117

Key Metrics at a Glance

Home Price Trends — Mineral, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mineral, VA

% of Rental Stock

Property Listings — Mineral, VA

Demographics — Mineral, VA

Race and Ethnicity

Mortgage and Risk — Mineral, VA

Mortgages

Rentals and Section 8 — Mineral, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Mineral, VA

Home Price to Income Ratio

Mineral, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Bumpass, VA

Louisa, VA

Gumspring, VA

Goochland, VA

Partlow, VA

Frequently Asked Questions

What is the average home price in Mineral, VA 23117?

How have home prices in Mineral, VA 23117 changed over the past year?

What is the home price projection for Mineral, VA 23117?

What are the demographics of Mineral, VA 23117?

How long does it take homes to sell in Mineral, VA 23117?

What is the average rent price in Mineral, VA 23117?