Staunton, VA—24401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Staunton, VA
As of Oct '25, the median home price in Staunton, VA is $300,000, with a year-over-year change of 3.6%. This indicates that home prices in Staunton, VA are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $300,000 | 3.6% |
| Single Family | $301,000 | 3.8% |
| Condos | $250,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $218,000 | 3.8% |
3 Bed | $308,000 | 3.7% |
4 Bed | $396,000 | 4.5% |
| 5 Bed | $553,000 | 3.6% |
% of Housing Stock
Rental Trends — Staunton, VA
As of July '25, Rentcast reports the average rent in Staunton, VA is $1,360, with a year-over-year rent change of -7.5%. Per bedroom, the median rent as of July '25 in Staunton, VA is studios: $2,500, 1-bedrooms: $1,020, 2-bedrooms: $1,340, 3-bedrooms: $1,550, 4-bedrooms: $2,250. The most common rental property sizes in Staunton, VA are 2-bedroom and 1-bedroom, accounting for 40.9% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,360 |
| Studio Rent | $2,500 | $2,500 |
| 1 Bed Rent | $950 | $1,020 |
| 2 Bed Rent | $1,240 | $1,340 |
| 3 Bed Rent | $1,580 | $1,550 |
| 4 Bed Rent | $2,250 | $2,250 |
% of Rental Stock
Property Listings — Staunton, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Staunton, VA is 49. This is a increase of 4.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $377,000 | 4.0% |
Listing Count | 169 | 24.0% |
| Listings as % of Homes | 0.6% | 24.0% |
Days on Market | 49 | 4.0% |
Demographics — Staunton, VA
As of the latest ACS Survey released in 2023, Staunton, VA has a population of 37,700, which has increased by 5.7% over the past 5 years. Staunton, VA is a moderately popular place for families, as children make up 18.2% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,700 | 5.7% |
% Under 18 | 18.2% | -4.2% |
% Seniors | 23.7% | 9.7% |
% WFH | 6.4% | 30.6% |
% w/ College Degree | 32.2% | 0.3% |
As of the latest ACS Survey released in 2023, Staunton, VA is a predominantly white area, with 83.0% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Staunton, VA is black, making up 8.7% of the population. Foreign-born residents account for 3.3% of the population in Staunton, VA, and this percentage has decreased by 17.5% 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 | 83.0% | -1.0% |
% Black | 8.7% | -8.4% |
% Hispanic | 3.6% | 38.5% |
% Asian | 1.0% | -33.3% |
% Foreign Born | 3.3% | -17.5% |
Mortgage and Risk — Staunton, VA
According to HUD data as of 2023, there were 758 mortgage originations in Staunton, VA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Staunton, VA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 758 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Staunton, VA
As of 2024, the percent of homes in Staunton, VA under the Section 8 program is 11.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Staunton, VA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 781 |
Total Units Section 8 | 710 |
% Rentals under Section 8 | 11.6% |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $950 | $1,130 |
| 2 Bedroom | $60 | $1,240 | $1,300 |
| 3 Bedroom | $240 | $1,580 | $1,820 |
| 4 Bedroom | -$130 | $2,250 | $2,120 |
Affordability — Staunton, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $300,000 |
| Median Household Income | $63,700 |