Scottsville, VA—24590
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Scottsville, VA
As of Oct '25, the median home price in Scottsville, VA is $333,000, with a year-over-year change of 0.4%. This indicates that home prices in Scottsville, VA are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $333,000 | 0.4% |
| Single Family | $333,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $266,000 | -1.1% |
3 Bed | $351,000 | 0.6% |
4 Bed | $461,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Scottsville, VA
As of July '25, Rentcast reports the average rent in Scottsville, VA is $2,110, with a year-over-year rent change of 20.6%. Per bedroom, the median rent as of July '25 in Scottsville, VA is 3-bedrooms: $1,910, 4-bedrooms: $2,500. The most common rental property sizes in Scottsville, VA are 3-bedroom and 2-bedroom, accounting for 57.4% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,110 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,880 | $1,910 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Scottsville, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Scottsville, VA is 60. This is a increase of 3.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $662,000 | 41.0% |
Listing Count | 40 | 31.0% |
| Listings as % of Homes | 1.1% | 31.0% |
Days on Market | 60 | 3.0% |
Demographics — Scottsville, VA
As of the latest ACS Survey released in 2023, Scottsville, VA has a population of 7,940, which has increased by 2.5% over the past 5 years. Scottsville, VA is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 28.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,940 | 2.5% |
% Under 18 | 20.6% | -11.2% |
% Seniors | 18.8% | 33.3% |
% WFH | 15.8% | 159.0% |
% w/ College Degree | 28.7% | 25.9% |
As of the latest ACS Survey released in 2023, Scottsville, VA is a predominantly white area, with 77.2% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Scottsville, VA is black, making up 13.4% of the population. Foreign-born residents account for 5.2% of the population in Scottsville, VA, and this percentage has increased by 372.7% 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 | 77.2% | -4.9% |
% Black | 13.4% | -10.1% |
% Hispanic | 4.5% | 1,400.0% |
% Asian | 0.5% | 150.0% |
% Foreign Born | 5.2% | 372.7% |
Mortgage and Risk — Scottsville, VA
According to HUD data as of 2023, there were 230 mortgage originations in Scottsville, VA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Scottsville, VA. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 230 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Scottsville, VA
Scottsville, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 46 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,280 |
| 2 Bedroom | N/A | N/A | $1,520 |
| 3 Bedroom | $30 | $1,880 | $1,910 |
| 4 Bedroom | -$150 | $2,500 | $2,350 |
Affordability — Scottsville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $333,000 |
| Median Household Income | $88,100 |