Welcome to our 24060 real estate data hub, tailored for investors in Blacksburg, VA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 24060 in Blacksburg, VA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MONTGOMERY COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Blacksburg, VA real estate investing. Uncover the wealth of information available, and position yourself for success in the Blacksburg property market.
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Location Overview
- Zip Code: 24060
- City: Blacksburg
- State: VA
- Metro Area: Blacksburg-Christiansburg, VA
- County Name: MONTGOMERY COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $386,793
- Average Home Price (Single Family Homes): $398,698
- Average Monthly Rental Price (All Types): $1,899
- Price-to-Rent Ratio: 17
- Zillow Projected % appreciation from 4/2023-4/2024: 3.2%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,150
- Average 3 Bedroom Section 8 Rental Rates: $1,610
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 28.03
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 20.02
- Number of Units Offered in Section 8 in the County: 477
- Number of Occupied Units in Section 8 in the County: 450
- Percentage of Section 8 Units Occupied in the County: 94.30000305%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 226.03
- Total % Appreciation since 2000 (Government Data): 118.66
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.2%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.09%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 29.76%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 64.21%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 107.85%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 83.78%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 168.29%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -4.89%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.67%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%