Cities with the fastest growing home prices in Blacksburg metro area

Written by:
September 29, 2022
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Cities with the fastest growing home prices in Blacksburg metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Blacksburg-Christiansburg, VA metro area using data from Zillow. Cities are ranked by 1-year price change as of August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 18 cities and towns with data available were included in the list.

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Stacker

#18. Narrows, Virginia

- 1-year price change: +$4,413 (+3.7%)
- 5-year price change: +$34,048 (+38.4%)
- Typical home value: $122,676 (#17 most expensive city in metro)
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Stacker

#17. Rich Creek, Virginia

- 1-year price change: +$8,022 (+7.1%)
- 5-year price change: +$35,596 (+41.9%)
- Typical home value: $120,515 (#18 most expensive city in metro)
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Stacker

#16. Ripplemead, Virginia

- 1-year price change: +$10,614 (+7.4%)
- 5-year price change: +$40,946 (+36.2%)
- Typical home value: $153,971 (#15 most expensive city in metro)
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Stacker

#15. Pulaski, Virginia

- 1-year price change: +$11,003 (+8.5%)
- 5-year price change: +$40,618 (+40.8%)
- Typical home value: $140,200 (#16 most expensive city in metro)
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Stacker

#14. Pembroke, Virginia

- 1-year price change: +$14,224 (+8.9%)
- 5-year price change: +$47,823 (+37.8%)
- Typical home value: $174,386 (#13 most expensive city in metro)

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Stacker

#13. Hiwassee, Virginia

- 1-year price change: +$15,036 (+9.0%)
- 5-year price change: +$52,041 (+40.3%)
- Typical home value: $181,335 (#11 most expensive city in metro)
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Stacker

#12. Pearisburg, Virginia

- 1-year price change: +$16,419 (+10.4%)
- 5-year price change: +$47,610 (+37.4%)
- Typical home value: $174,772 (#12 most expensive city in metro)
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Stacker

#11. Dublin, Virginia

- 1-year price change: +$20,783 (+11.1%)
- 5-year price change: +$63,657 (+43.9%)
- Typical home value: $208,688 (#8 most expensive city in metro)
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Stacker

#10. Staffordsville, Virginia

- 1-year price change: +$21,439 (+14.7%)
- 5-year price change: +$46,049 (+38.1%)
- Typical home value: $166,994 (#14 most expensive city in metro)
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Stacker

#9. Radford, Virginia

- 1-year price change: +$21,489 (+10.6%)
- 5-year price change: +$63,528 (+39.6%)
- Typical home value: $223,768 (#6 most expensive city in metro)

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Stacker

#8. Draper, Virginia

- 1-year price change: +$21,829 (+11.2%)
- 5-year price change: +$68,989 (+46.7%)
- Typical home value: $216,821 (#7 most expensive city in metro)
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#7. Elliston, Virginia

- 1-year price change: +$22,742 (+12.7%)
- 5-year price change: +$57,974 (+40.5%)
- Typical home value: $201,188 (#10 most expensive city in metro)
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Stacker

#6. Pilot, Virginia

- 1-year price change: +$24,538 (+12.2%)
- 5-year price change: +$66,380 (+41.6%)
- Typical home value: $226,131 (#5 most expensive city in metro)
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Stacker

#5. Shawsville, Virginia

- 1-year price change: +$25,409 (+14.3%)
- 5-year price change: +$55,276 (+37.5%)
- Typical home value: $202,519 (#9 most expensive city in metro)
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Stacker

#4. Christiansburg, Virginia

- 1-year price change: +$26,561 (+11.7%)
- 5-year price change: +$73,272 (+40.8%)
- Typical home value: $252,738 (#4 most expensive city in metro)

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Stacker

#3. Newport, Virginia

- 1-year price change: +$32,862 (+14.2%)
- 5-year price change: +$72,876 (+38.1%)
- Typical home value: $264,040 (#3 most expensive city in metro)
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Stacker

#2. Riner, Virginia

- 1-year price change: +$34,263 (+13.0%)
- 5-year price change: +$87,268 (+41.4%)
- Typical home value: $297,812 (#2 most expensive city in metro)
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Stacker

#1. Blacksburg, Virginia

- 1-year price change: +$37,580 (+11.5%)
- 5-year price change: +$112,356 (+44.4%)
- Typical home value: $365,172 (#1 most expensive city in metro)

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