Nickelsville, VA—24271
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nickelsville, VA
As of Nov '25, the median home price in Nickelsville, VA is $179,000, with a year-over-year change of 3.7%. This indicates that home prices in Nickelsville, VA are increasing. According to Zillow, the 1-year price projection is 5.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $179,000 | 3.7% |
| Single Family | $179,000 | 5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $133,000 | 4.7% |
3 Bed | $203,000 | 5.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Nickelsville, VA
Nickelsville, 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 — Nickelsville, VA
As of Nov '25, Realtor.com reports that the median days on market for a home in Nickelsville, VA is 87. This is a decrease of -12.0% 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 | $312,000 | 64.0% |
Listing Count | 4 | -40.0% |
| Listings as % of Homes | 0.4% | -40.0% |
Days on Market | 87 | -12.0% |
Demographics — Nickelsville, VA
As of the latest ACS Survey released in 2023, Nickelsville, VA has a population of 2,550, which has increased by 3.7% over the past 5 years. Nickelsville, VA is a moderately popular place for families, as children make up 16.8% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,550 | 3.7% |
% Under 18 | 16.8% | -2.9% |
% Seniors | 25.2% | 31.9% |
% WFH | 4.4% | -22.8% |
% w/ College Degree | 14.6% | -12.6% |
As of the latest ACS Survey released in 2023, Nickelsville, VA is a predominantly white area, with 98.4% of the population identifying as white. The white population has grown by 4.5% in the last 5 years. The second most common race or ethnicity in Nickelsville, VA is hispanic, making up 1.1% of the population. Foreign-born residents account for 1.1% of the population in Nickelsville, VA, and this percentage has decreased by 66.7% 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 | 98.4% | 4.5% |
% Black | 0.0% | N/A |
% Hispanic | 1.1% | -81.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.1% | -66.7% |
Mortgage and Risk — Nickelsville, VA
According to HUD data as of 2023, there were 37 mortgage originations in Nickelsville, VA, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Nickelsville, VA. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Rentals and Section 8 — Nickelsville, VA
Nickelsville, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 42 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | 18.4% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $900 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Nickelsville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $179,000 |
| Median Household Income | $54,100 |