Surry, VA—23883
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Surry, VA
Surry, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $299,000 | -0.5% |
| Single Family | $299,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Surry, VA
Surry, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Surry, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Surry, VA is 87. This is a increase of 118.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $431,000 | -22.0% |
Listing Count | 10 | -29.0% |
| Listings as % of Homes | 0.6% | -29.0% |
Days on Market | 87 | 118.0% |
Demographics — Surry, VA
As of the latest ACS Survey released in 2023, Surry, VA has a population of 1,870, which has decreased by -7.0% over the past 5 years. Surry, VA is a moderately popular place for families, as children make up 18.5% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,870 | -7.0% |
% Under 18 | 18.5% | 6.3% |
% Seniors | 27.4% | 71.3% |
% WFH | 10.2% | 36.0% |
% w/ College Degree | 22.7% | -9.6% |
As of the latest ACS Survey released in 2023, Surry, VA is a predominantly white area, with 51.1% of the population identifying as white. The white population has grown by 4.3% in the last 5 years. The second most common race or ethnicity in Surry, VA is black, making up 44.7% of the population. Foreign-born residents account for 1.0% of the population in Surry, VA, and this percentage has decreased by 44.4% 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 | 51.1% | 4.3% |
% Black | 44.7% | -7.1% |
% Hispanic | 1.9% | 26.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.0% | -44.4% |
Mortgage and Risk — Surry, VA
According to HUD data as of 2023, there were 47 mortgage originations in Surry, VA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Surry, VA. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Surry, VA
Surry, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Surry, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $299,000 |
| Median Household Income | $73,100 |