Blue Ridge, VA—24064
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blue Ridge, VA
As of Oct '25, the median home price in Blue Ridge, VA is $300,000, with a year-over-year change of 2.6%. This indicates that home prices in Blue Ridge, VA are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $300,000 | 2.6% |
| Single Family | $300,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $203,000 | 1.5% |
3 Bed | $318,000 | 4.6% |
4 Bed | $396,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,150 | $2,150 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Blue Ridge, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Blue Ridge, VA is 66. This is a decrease of -3.0% 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 | $369,000 | 20.0% |
Listing Count | 23 | 53.0% |
| Listings as % of Homes | 0.5% | 53.0% |
Days on Market | 66 | -3.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,230 | 5.2% |
% Under 18 | 22.3% | 54.9% |
% Seniors | 19.0% | -19.1% |
% WFH | 11.8% | 280.6% |
% w/ College Degree | 23.7% | -8.5% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,010 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | -$490 | $2,150 | $1,660 |
| 4 Bedroom | N/A | N/A | $1,910 |
Affordability — Blue Ridge, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $300,000 |
| Median Household Income | $78,300 |