Home Values

Blacksburg Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$70,400

  • 27.1% 1-year change
  • None 1-year forecast

The median home value in Blacksburg is $70,400. Blacksburg home values have gone up 27.1% over the past year. The median price of homes currently listed in Blacksburg is $69,900 while the median price of homes that sold is $126,100.

Foreclosures will be a factor impacting home values in the next several years. In Blacksburg 8.1 homes are foreclosed (per 10,000). This is greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Blacksburg is 8.3%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Blacksburg homeowners underwater on their mortgage is 18.3%.

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Relative ZHVI
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Blacksburg Market Overview

Data through Sep 30, 2014
  • $70,400 ZHVI
  • No data 1-yr forecast
  • $69,900 Median listing price
  • No recent data Median sale price
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Blacksburg Market Health

Data through Sep 30, 2014
  • No recent data
  • No data Average days on Zillow
  • 18.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

8.1 homes Blacksburg
4 homes United States
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Nearby Cities

Name Median ZHVI
Clover $163,300
Smyrna $142,000
Sharon $135,900
Name Median ZHVI
York $135,600
Hickory Grove $125,100
Shelby $71,000
Name Median ZHVI
Bessemer City $67,200
Gaffney $67,000
South Gastonia $62,900

Listings & Sales

Data through Sep 30, 2014
  • $58 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 21.1% Listings with price cut
41.7%
Sold below listing
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Blacksburg Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $880 Blacksburg
    $865 Gaffney Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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