Long Island, VA—24569
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Long Island, VA
As of Nov '25, the median home price in Long Island, VA is $164,000, with a year-over-year change of -3.5%. This indicates that home prices in Long Island, VA are decreasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $164,000 | -3.5% |
| Single Family | $164,000 | -2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Long Island, VA
Long Island, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $950 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Long Island, VA
As of Nov '25, Realtor.com reports that the median days on market for a home in Long Island, VA is 58. This is a decrease of -38.0% 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 | $120,000 | -29.0% |
Listing Count | 3 | 33.0% |
| Listings as % of Homes | N/A | 33.0% |
Days on Market | 58 | -38.0% |
Demographics — Long Island, VA
As of the latest ACS Survey released in 2023, Long Island, VA has a population of 1,020, which has remained stable by -1.0% over the past 5 years. Long Island, VA is a less popular place for families, as children make up 13.5% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,020 | -1.0% |
% Under 18 | 13.5% | -50.7% |
% Seniors | 27.1% | -15.0% |
% WFH | 8.0% | 105.1% |
% w/ College Degree | 13.7% | -40.4% |
As of the latest ACS Survey released in 2023, Long Island, VA is a predominantly black area, with 59.0% of the population identifying as black. The black population has grown by 159.9% in the last 5 years. The second most common race or ethnicity in Long Island, VA is white, making up 35.6% of the population. Foreign-born residents account for 0.0% of the population in Long Island, VA, and this percentage has decreased by 100.0% 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 | 35.6% | -51.7% |
% Black | 59.0% | 159.9% |
% Hispanic | 4.4% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Long Island, VA
Long Island, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Long Island, VA
Long Island, VA lacks sufficient Section 8 program data for analysis.
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $870 |
| 2 Bedroom | $40 | $950 | $990 |
| 3 Bedroom | N/A | N/A | $1,350 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Long Island, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $164,000 |
| Median Household Income | $50,200 |