New River, VA housing market
Home prices around New River have risen about 48% over the past 5 years.
Home values, sales, trends and how New River compares with the towns next door — updated as new data is published.
Home prices up 48% in 5 years
The federal house price index for the ZIP codes around New River rose 48% over the past 5 years, about the same as across Virginia. Prices were about flat last year.
Show as a table
| Year | Change that year | Since 2000 | Virginia since 2000 |
|---|---|---|---|
| 2025 | +0.3% | +146% | +189% |
| 2024 | +8.3% | +146% | +178% |
| 2023 | +10% | +127% | +161% |
| 2022 | +13% | +106% | +142% |
| 2021 | +9.8% | +82% | +113% |
| 2020 | +5.2% | +66% | +94% |
| 2019 | +3.7% | +58% | +88% |
| 2018 | +2.4% | +52% | +81% |
| 2017 | +5.7% | +49% | +74% |
| 2016 | +0.5% | +41% | +69% |
| 2015 | +2.5% | +40% | +65% |
| 2014 | +1.6% | +37% | +61% |
| 2013 | −1.7% | +34% | +57% |
| 2012 | −1.9% | +37% | +55% |
| 2011 | −2% | +39% | +57% |
| 2010 | −5.4% | +42% | +61% |
| 2009 | −1.6% | +50% | +69% |
| 2008 | +3.1% | +53% | +81% |
| 2007 | +1.5% | +48% | +89% |
| 2006 | +9.2% | +46% | +86% |
| 2005 | +5.3% | +34% | +69% |
| 2004 | +10% | +27% | +41% |
| 2003 | +4.6% | +15% | +23% |
| 2002 | +4.4% | +10% | +17% |
| 2001 | +5.3% | +5.3% | +8.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 24141, 24129, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
New River and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| New River | +0.3%† | $1,110 | $41,628 |
| Fairlawn | +0.3%† | $1,110 | $66,918 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,110
HUD's Fair Market Rent for a two-bedroom in New River is $1,110 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $840 · 4 bedrooms $1,870
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24129, 24141; 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.