Blacksburg, VA housing market
The typical Blacksburg home is worth about $417,000, up 2.5% in a year, close to the Virginia typical home. Homes typically sell in 8 days, close to asking.
Home values, sales, trends and how Blacksburg compares with the towns next door — updated as new data is published.
Blacksburg at a glance
A seller's market
Supply is tight — about 2.7 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Blacksburg | Virginia |
|---|---|---|
| 2017 | $246,000 | $253,000 |
| 2018 | $258,000 | $263,000 |
| 2019 | $270,000 | $271,000 |
| 2020 | $288,000 | $284,000 |
| 2021 | $323,000 | $311,000 |
| 2022 | $361,000 | $345,000 |
| 2023 | $381,000 | $367,000 |
| 2024 | $397,000 | $386,000 |
| 2025 | $406,000 | $405,000 |
| 2026 | $413,000 | $411,000 |
| August 2026 | $417,000 | $415,000 |
29 new homes permitted in 2025
Builders were permitted 29 new homes in Blacksburg in 2025, all single-family houses, worth about $11.7 million to build. That's 0.6 per 1,000 residents, slower than across Virginia (4). Over the past 10 years, Blacksburg has permitted 2,199 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Blacksburg gained 2,206 residents while 1,277 new homes were permitted: about 1.7 new residents per new home. Building and growth moved roughly in step. Across Virginia: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 108 | 108 | 0 | $29.7 million |
| 2025 | 29 | 29 | 0 | $11.7 million |
| 2024 | 67 | 67 | 0 | $17.1 million |
| 2023 | 81 | 73 | 8 | $25.5 million |
| 2022 | 146 | 93 | 53 | $33.1 million |
| 2021 | 97 | 73 | 24 | $22.2 million |
| 2020 | 1,233 | 42 | 1,191 | $233 million |
| 2019 | 174 | 45 | 129 | $27.7 million |
| 2018 | 58 | 58 | 0 | $14.8 million |
| 2017 | 98 | 98 | 0 | $20.3 million |
| 2016 | 216 | 132 | 84 | $27.8 million |
| 2015 | 233 | 231 | 2 | $31.3 million |
| 2014 | 117 | 65 | 52 | $22 million |
| 2013 | 173 | 50 | 123 | $20.8 million |
| 2012 | 151 | 40 | 111 | $18.9 million |
| 2011 | 36 | 36 | 0 | $8.3 million |
| 2010 | 21 | 21 | 0 | $6.6 million |
| 2009 | 132 | 108 | 24 | $17.9 million |
| 2008 | 617 | 149 | 468 | $35.4 million |
| 2007 | 317 | 75 | 242 | $27.8 million |
| 2006 | 226 | 226 | 0 | $25.4 million |
| 2005 | 180 | 168 | 12 | $25.7 million |
| 2004 | 143 | 129 | 14 | $17 million |
| 2003 | 142 | 120 | 22 | $15.4 million |
| 2002 | 248 | 195 | 53 | $20.2 million |
| 2001 | 110 | 62 | 48 | $11.9 million |
| 2000 | 103 | 49 | 54 | $10.2 million |
How Blacksburg ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Blacksburg and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Blacksburg | $417K | +2.5% | $1,390 | 29 | $50,182 |
| Merrimac | — | +4.3%† | $1,390 | — | $53,611 |
| Prices Fork | — | +4.3%† | $1,390 | — | $69,063 |
† FHFA price index change, where Zillow has no home value for the town.
8.3 years of income
The typical Blacksburg home costs about 8.3 years of the town's median household income, more than across Virginia (4.5 years).
How Blacksburg ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,390
HUD's Fair Market Rent for a two-bedroom in Blacksburg is $1,390 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Blacksburg pay a median of $1,359. A two-bedroom takes about 33% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,000 · 4 bedrooms $2,330
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24060, 24061; Blacksburg-Christiansburg-Radford, VA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Blacksburg
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.