What is the average home price in Gretna, VA 24557?

As of May '26, the median home price in Gretna, VA 24557 is $177,000, based on Zillow home estimates.

How have home prices in Gretna, VA 24557 changed over the past year?

As of May '26, home prices have increased 4.2% over the past year, according to Zillow home estimates data.

What is the home price projection for Gretna, VA 24557?

As of May '26, Zillow projects home prices in Gretna, VA 24557 to increase 2.5% in the next year.

What are the demographics of Gretna, VA 24557?

According to the latest Census, the demographics of Gretna, VA 24557 are 76.0% White, 20.0% Black, 0.4% Asian, 1.6% Hispanic. The population is 7,830, with 17.9% under 18 years old.

How long does it take homes to sell in Gretna, VA 24557?

According to Realtor.com, as of May '26, the median home in Gretna, VA 24557 is on the market for 47 days. This is an increase of 6.0% from last year.

What is the average rent price in Gretna, VA 24557?

The average rent price in Gretna, VA 24557, as of the latest data, is $473. The average rent for 1 bedroom homes is $548. For 2, 3, and 4 bedroom homes, the average rent is N/A, N/A, and N/A respectively.

Gretna, VA 24557 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Gretna, VA—24557

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$177,000

4.2% YoY Growth

Household Income

$44,900

16.7% YoY Growth

Days on Market

6.0% Longer YoY

Home Price Forecast

2.5%

Median Rent

$500

N/A

1-Bed Rent

$500

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Gretna, VA

As of May '26, the median home price in Gretna, VA is $177,000, with a year-over-year change of 4.2%. This indicates that home prices in Gretna, VA are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$177,000	4.2%
Single Family	$178,000	4.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Gretna, VA

Gretna, VA lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$500	$473
Studio Rent	$325	$325
1 Bed Rent	$500	$548
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

0.2%

1 Bedroom

12.9%

2 Bedrooms

33.0%

3 Bedrooms

38.1%

4 Bedrooms

15.6%

5+ Bedrooms

0.2%

Property Listings — Gretna, VA

As of May '26, Realtor.com reports that the median days on market for a home in Gretna, VA is 47. This is a increase of 6.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$232,000	14.0%
Listing Count	34	59.0%
Listings as % of Homes	0.2%	59.0%
Days on Market	47	6.0%

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Demographics — Gretna, VA

As of the latest ACS Survey released in 2023, Gretna, VA has a population of 7,830, which has increased by 4.0% over the past 5 years. Gretna, VA is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 12.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,830	4.0%
% Under 18	17.9%	-8.7%
% Seniors	24.0%	-12.1%
% WFH	6.5%	116.7%
% w/ College Degree	12.4%	8.8%

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As of the latest ACS Survey released in 2023, Gretna, VA is a predominantly white area, with 76.0% of the population identifying as white. The white population has grown by 3.3% in the last 5 years. The second most common race or ethnicity in Gretna, VA is black, making up 20.0% of the population. Foreign-born residents account for 1.2% of the population in Gretna, VA, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	76.0%	3.3%
% Black	20.0%	-7.4%
% Hispanic	1.6%	33.3%
% Asian	0.4%	33.3%
% Foreign Born	1.2%	50.0%

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Mortgage and Risk — Gretna, VA

According to HUD data as of 2023, there were 124 mortgage originations in Gretna, VA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Gretna, VA. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	124
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	3.0%
% Second Loans	12.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Gretna, VA

Gretna, VA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	57
Total Units Section 8	57
% Rentals under Section 8	N/A
% Occupied Section 8	71.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$200	$500	$700
2 Bedroom	N/A	N/A	$850
3 Bedroom	N/A	N/A	$1,160
4 Bedroom	N/A	N/A	$1,310

Gretna, VA—24557

Key Metrics at a Glance

Home Price Trends — Gretna, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gretna, VA

% of Rental Stock

Property Listings — Gretna, VA

Demographics — Gretna, VA

Race and Ethnicity

Mortgage and Risk — Gretna, VA

Mortgages

Rentals and Section 8 — Gretna, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Gretna, VA

Home Price to Income Ratio

Gretna, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Hurt, VA

Java, VA

Pittsville, VA

Lynch Station, VA

Chatham, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$177,000
Median Household Income	$44,900