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Blue Ridge, VA—24064

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$319,000
6.7% YoY Growth
Household Income
$78,300
6.2% YoY Growth
Days on Market
63
16.0% Shorter YoY
Home Price Forecast
2.1%
Median Rent
$2,150
31.4% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,150
22.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Blue Ridge, VA

As of May '26, the median home price in Blue Ridge, VA is $319,000, with a year-over-year change of 6.7%. This indicates that home prices in Blue Ridge, VA are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$319,0006.7%
Single Family $320,0007.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$223,0009.3%
    3 Bed
    		$336,0006.0%
    4 Bed
    		$415,0003.5%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    1 Bedroom
    0.2%
    2 Bedrooms
    13.0%
    3 Bedrooms
    52.3%
    4 Bedrooms
    28.9%
    5+ Bedrooms
    5.6%

    Rental Trends — Blue Ridge, VA

    As of July '25, Rentcast reports the average rent in Blue Ridge, VA is $2,300, with a year-over-year rent change of 31.4%. Per bedroom, the median rent as of July '25 in Blue Ridge, VA is 3-bedrooms: $2,150. The most common rental property sizes in Blue Ridge, VA are 3-bedroom and 2-bedroom, accounting for 70.1% and 29.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,150$2,300
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $2,150$2,150
    4 Bed Rent N/AN/A
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    % of Rental Stock

    2 Bedrooms
    29.9%
    3 Bedrooms
    70.1%

    Property Listings — Blue Ridge, VA

    As of May '26, Realtor.com reports that the median days on market for a home in Blue Ridge, VA is 63. This is a decrease of -16.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$360,000-5.0%
    Listing Count
    		16-16.0%
    Listings as % of Homes0.5%-16.0%
    Days on Market
    		63-16.0%
    Loading chart...

    Demographics — Blue Ridge, VA

    As of the latest ACS Survey released in 2023, Blue Ridge, VA has a population of 5,230, which has increased by 5.2% over the past 5 years. Blue Ridge, VA is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		5,2305.2%
    % Under 18
    		22.3%54.9%
    % Seniors
    		19.0%-19.1%
    % WFH
    		11.8%280.6%
    % w/ College Degree
    		23.7%-8.5%
    Loading chart...

    As of the latest ACS Survey released in 2023, Blue Ridge, VA is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Blue Ridge, VA is hispanic, making up 3.5% of the population. Foreign-born residents account for 2.5% of the population in Blue Ridge, VA, and this percentage has decreased by 3.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.3%-7.0%
    % Black
    		1.7%0.0%
    % Hispanic
    		3.5%∞%
    % Asian
    		1.1%450.0%
    % Foreign Born
    		2.5%-3.8%
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    Mortgage and Risk — Blue Ridge, VA

    According to HUD data as of 2023, there were 171 mortgage originations in Blue Ridge, VA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Blue Ridge, VA. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		171
    % Conventional Loans
    		81.0%
    % Government Loans
    		19.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Blue Ridge, VA

    Blue Ridge, VA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		3
    Total Units Section 8
    		3
    % Rentals under Section 8
    		0.7%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,010
    2 BedroomN/AN/A$1,190
    3 Bedroom-$490$2,150$1,660
    4 BedroomN/AN/A$1,910

    Affordability — Blue Ridge, VA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.6
    Median Home Price$319,000
    Median Household Income$78,300

    Blue Ridge, VA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    24179

    Montvale, VA

    24122

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    24077

    Roanoke, VA

    24012

    Frequently Asked Questions