Barren Springs, VA24313

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$154,000
0.6% YoY Growth
Median Household Income
$46,500
53.1% 5-Year Growth
Days on Market
5
80.0% Shorter than last year
Home Price Forecast
N/A
Median 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

Property Listings — Barren Springs, VA

As of Aug '25 and according to Realtor.com, the median days on market for a home in Barren Springs, VA is 5. This is an decrease of -80.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$275,000-11.0%
Listing Count
1N/A
Listings as % of HomesN/AN/A
Days on Market
5-80.0%
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Demographics — Barren Springs, VA

MetricLatest CensusYoY % Change
Population
8315.3%
% Under 18
22.1%-30.5%
% Under 5N/AN/A
% Seniors
9.0%-29.1%
% WFH
1.3%∞%
% w/ College Degree
0.0%-100.0%
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Race and Ethnicity

MetricLatest Census5-Year % Change
% White
89.5%6.2%
% Black
0.0%N/A
% Hispanic
0.0%-100.0%
% Asian
0.0%N/A
% Foreign Born
0.0%-100.0%
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Mortgage and Risk — Barren Springs, VA

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Barren Springs, VA in that year was NA. NA of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was NA. Of those, NA were >90% loan to value. This is considered unknown, suggesting that mortgage risk is unknown in Barren Springs, VA. Investor activity in Barren Springs, VA is unknown, as NA of all loans are originated by investors. In 2023, NA of all loans were cash-out refinances, suggesting unknown homeowners are actively tapping their home's equity.

Mortgages

MetricZip Code AverageMetro AverageState Average
Total Loan Originations
N/AN/AN/A
% Conventional Loans
N/AN/AN/A
% Government Loans
N/AN/AN/A
% Investor Loans
N/AN/AN/A
% Second Loans
N/AN/AN/A
% Cash Out Refinance
N/AN/AN/A
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Rentals and Section 8 — Barren Springs, VA

As of 2024, the percent of homes in Barren Springs, VA under the Section 8 program is NA. This is considered unknown, suggesting that the neighborhood is unknown composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.

Section 8 Market Size

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

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$730
2 BedroomN/AN/A$850
3 BedroomN/AN/A$1,130
4 BedroomN/AN/A$1,430

Affordability — Barren Springs, VA

Home Price to Income Ratio

MetricZip Code AverageMetro AverageState Average
Home Price to Income Ratio2.7N/AN/A
Median Home Price$154,000N/AN/A
Median Household Income$46,500N/AN/A

Barren Springs, VA — ZIP Code Boundary Map

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