Axton, VA—24054
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Axton, VA
As of Oct '25, the median home price in Axton, VA is $116,000, with a year-over-year change of -12.8%. This indicates that home prices in Axton, VA are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $116,000 | -12.8% |
| Single Family | $116,000 | -12.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | -1.5% |
3 Bed | $195,000 | 2.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Axton, VA
Axton, 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 — Axton, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Axton, VA is 98. This is a increase of 225.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $236,000 | -29.0% |
Listing Count | 8 | -11.0% |
| Listings as % of Homes | 0.1% | -11.0% |
Days on Market | 98 | 225.0% |
Demographics — Axton, VA
As of the latest ACS Survey released in 2023, Axton, VA has a population of 6,050, which has decreased by -10.3% over the past 5 years. Axton, VA is a moderately popular place for families, as children make up 18.2% of the population. The area has a poorly educated workforce, with 8.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,050 | -10.3% |
% Under 18 | 18.2% | -19.1% |
% Seniors | 22.0% | 17.0% |
% WFH | 9.1% | 295.7% |
% w/ College Degree | 8.7% | 17.6% |
As of the latest ACS Survey released in 2023, Axton, VA is a predominantly white area, with 64.6% of the population identifying as white. The white population has grown by 14.7% in the last 5 years. The second most common race or ethnicity in Axton, VA is black, making up 23.4% of the population. Foreign-born residents account for 5.4% of the population in Axton, VA, and this percentage has increased by 63.6% 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 | 64.6% | 14.7% |
% Black | 23.4% | -17.6% |
% Hispanic | 9.8% | -16.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 5.4% | 63.6% |
Mortgage and Risk — Axton, VA
According to HUD data as of 2023, there were 73 mortgage originations in Axton, VA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Axton, VA. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Axton, VA
Axton, 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 | 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 | $730 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Axton, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $116,000 |
| Median Household Income | $57,700 |