Spring Grove, VA 23881 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Spring Grove, VA—23881

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$286,000

1.5% YoY Growth

Household Income

$99,500

89.1% YoY Growth

Days on Market

25.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$1,500

11.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,500

11.8% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Spring Grove, VA

Spring Grove, VA lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$286,000	1.5%
Single Family	$286,000	2.1%
Condos	N/A	N/A

Cost per Home Size

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

Rental Trends — Spring Grove, VA

As of July '25, Rentcast reports the average rent in Spring Grove, VA is $1,500, with a year-over-year rent change of -11.8%. Per bedroom, the median rent as of July '25 in Spring Grove, VA is 2-bedrooms: $1,500. The most common rental property sizes in Spring Grove, VA are 1-bedroom and 3-bedroom, accounting for 34.6% and 29.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,500
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,500	$1,500
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

34.6%

2 Bedrooms

23.6%

3 Bedrooms

29.3%

4 Bedrooms

12.5%

Property Listings — Spring Grove, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Spring Grove, VA is 83. This is a decrease of -25.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$427,000	-7.0%
Listing Count	9	25.0%
Listings as % of Homes	0.5%	25.0%
Days on Market	83	-25.0%

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Demographics — Spring Grove, VA

As of the latest ACS Survey released in 2023, Spring Grove, VA has a population of 2,330, which has increased by 14.7% over the past 5 years. Spring Grove, VA is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 34.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,330	14.7%
% Under 18	22.2%	6.2%
% Seniors	11.5%	-53.6%
% WFH	5.9%	∞%
% w/ College Degree	34.6%	113.6%

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As of the latest ACS Survey released in 2023, Spring Grove, VA is a predominantly white area, with 57.2% of the population identifying as white. The white population has grown by 23.0% in the last 5 years. The second most common race or ethnicity in Spring Grove, VA is black, making up 40.8% of the population. Foreign-born residents account for 0.9% of the population in Spring Grove, VA, and this percentage has increased by Inf% 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	57.2%	23.0%
% Black	40.8%	-19.7%
% Hispanic	2.0%	∞%
% Asian	0.0%	N/A
% Foreign Born	0.9%	∞%

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Mortgage and Risk — Spring Grove, VA

Spring Grove, VA lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Spring Grove, VA

Spring Grove, VA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	5
Total Units Section 8	5
% Rentals under Section 8	2.9%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,230
2 Bedroom	-$120	$1,500	$1,380
3 Bedroom	N/A	N/A	$1,770
4 Bedroom	N/A	N/A	$2,160

Spring Grove, VA—23881

Key Metrics at a Glance

Home Price Trends — Spring Grove, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spring Grove, VA

% of Rental Stock

Property Listings — Spring Grove, VA

Demographics — Spring Grove, VA

Race and Ethnicity

Mortgage and Risk — Spring Grove, VA

Mortgages

Rentals and Section 8 — Spring Grove, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Spring Grove, VA

Home Price to Income Ratio

Spring Grove, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Claremont

Dendron, VA

Charles City, VA

Elberon, VA

Waverly, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$286,000
Median Household Income	$99,500

Spring Grove, VA—23881

Key Metrics at a Glance

Home Price Trends — Spring Grove, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spring Grove, VA

% of Rental Stock

Property Listings — Spring Grove, VA

Demographics — Spring Grove, VA

Race and Ethnicity

Mortgage and Risk — Spring Grove, VA

Mortgages

Rentals and Section 8 — Spring Grove, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Spring Grove, VA

Home Price to Income Ratio

Spring Grove, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Claremont

Dendron, VA

Charles City, VA

Elberon, VA

Waverly, VA

Frequently Asked Questions

What is the average home price in Spring Grove, VA 23881?

How have home prices in Spring Grove, VA 23881 changed over the past year?

What is the home price projection for Spring Grove, VA 23881?

What are the demographics of Spring Grove, VA 23881?

How long does it take homes to sell in Spring Grove, VA 23881?

What is the average rent price in Spring Grove, VA 23881?