Emporia, VA—23847
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Emporia, VA
Emporia, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $145,000 | -2.1% |
| Single Family | $145,000 | -2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $98,000 | -3.0% |
3 Bed | $161,000 | -0.6% |
4 Bed | $228,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Emporia, VA
As of July '25, Rentcast reports the average rent in Emporia, VA is $1,150, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Emporia, VA is 3-bedrooms: $1,150. The most common rental property sizes in Emporia, VA are 3-bedroom and 2-bedroom, accounting for 52.6% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,000 | $1,150 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Emporia, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Emporia, VA is 53. This is a decrease of -13.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $224,000 | -11.0% |
Listing Count | 36 | -11.0% |
| Listings as % of Homes | 0.4% | -11.0% |
Days on Market | 53 | -13.0% |
Demographics — Emporia, VA
As of the latest ACS Survey released in 2023, Emporia, VA has a population of 13,300, which has decreased by -13.0% over the past 5 years. Emporia, VA is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 15.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,300 | -13.0% |
% Under 18 | 24.3% | 29.9% |
% Seniors | 20.3% | 29.3% |
% WFH | 4.4% | 388.9% |
% w/ College Degree | 15.2% | 68.9% |
As of the latest ACS Survey released in 2023, Emporia, VA is a predominantly black area, with 62.0% of the population identifying as black. The black population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Emporia, VA is white, making up 26.7% of the population. Foreign-born residents account for 4.5% of the population in Emporia, VA, and this percentage has increased by 104.5% 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 | 26.7% | -13.6% |
% Black | 62.0% | -3.0% |
% Hispanic | 5.0% | 42.9% |
% Asian | 0.4% | 300.0% |
% Foreign Born | 4.5% | 104.5% |
Mortgage and Risk — Emporia, VA
According to HUD data as of 2023, there were 141 mortgage originations in Emporia, VA, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Emporia, VA. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 141 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Emporia, VA
Emporia, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 226 |
Total Units Section 8 | 136 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | $270 | $1,000 | $1,270 |
| 4 Bedroom | N/A | N/A | $1,590 |
Affordability — Emporia, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $145,000 |
| Median Household Income | $49,600 |