Cities with the fastest growing home prices in Blacksburg metro area

Written by:
January 19, 2023
Volodymyr Kyrylyuk // Shutterstock

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 no 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 December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 18 cities and towns with data available were included in the list.

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1 / 18
Stacker

#18. Pulaski, VA

- 1-year price change: +$7,693 (+5.5%)
- 5-year price change: +$42,040 (+39.4%)
- Typical home value: $148,807 (#16 most expensive city in metro)
2 / 18
Stacker

#17. Hiwassee, VA

- 1-year price change: +$9,945 (+5.4%)
- 5-year price change: +$53,159 (+37.7%)
- Typical home value: $194,032 (#11 most expensive city in metro)
3 / 18
Stacker

#16. Narrows, VA

- 1-year price change: +$10,410 (+8.5%)
- 5-year price change: +$36,560 (+37.7%)
- Typical home value: $133,434 (#17 most expensive city in metro)
4 / 18
Stacker

#15. Ripplemead, VA

- 1-year price change: +$13,985 (+9.1%)
- 5-year price change: +$44,331 (+36.1%)
- Typical home value: $167,041 (#15 most expensive city in metro)
5 / 18
Stacker

#14. Pembroke, VA

- 1-year price change: +$14,064 (+8.0%)
- 5-year price change: +$50,997 (+36.8%)
- Typical home value: $189,560 (#12 most expensive city in metro)

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6 / 18
Stacker

#13. Rich Creek, VA

- 1-year price change: +$14,670 (+12.5%)
- 5-year price change: +$38,956 (+41.8%)
- Typical home value: $132,233 (#18 most expensive city in metro)
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Stacker

#12. Pilot, VA

- 1-year price change: +$15,257 (+6.8%)
- 5-year price change: +$67,243 (+38.7%)
- Typical home value: $240,981 (#5 most expensive city in metro)
8 / 18
Stacker

#11. Pearisburg, VA

- 1-year price change: +$16,034 (+9.3%)
- 5-year price change: +$50,768 (+36.9%)
- Typical home value: $188,464 (#13 most expensive city in metro)
9 / 18
Stacker

#10. Dublin, VA

- 1-year price change: +$16,649 (+8.1%)
- 5-year price change: +$66,427 (+42.5%)
- Typical home value: $222,766 (#8 most expensive city in metro)
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Stacker

#9. Draper, VA

- 1-year price change: +$17,030 (+7.9%)
- 5-year price change: +$71,496 (+44.1%)
- Typical home value: $233,782 (#7 most expensive city in metro)

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Stacker

#8. Radford, VA

- 1-year price change: +$17,525 (+7.9%)
- 5-year price change: +$66,318 (+38.5%)
- Typical home value: $238,574 (#6 most expensive city in metro)
12 / 18
Stacker

#7. Shawsville, VA

- 1-year price change: +$17,624 (+9.0%)
- 5-year price change: +$56,788 (+36.3%)
- Typical home value: $213,209 (#10 most expensive city in metro)
13 / 18
Stacker

#6. Staffordsville, VA

- 1-year price change: +$18,402 (+11.3%)
- 5-year price change: +$50,452 (+38.4%)
- Typical home value: $181,955 (#14 most expensive city in metro)
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Stacker

#5. Elliston, VA

- 1-year price change: +$18,614 (+9.5%)
- 5-year price change: +$60,029 (+38.7%)
- Typical home value: $215,008 (#9 most expensive city in metro)
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Stacker

#4. Christiansburg, VA

- 1-year price change: +$21,344 (+8.6%)
- 5-year price change: +$76,266 (+39.5%)
- Typical home value: $269,114 (#4 most expensive city in metro)

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Stacker

#3. Newport, VA

- 1-year price change: +$22,760 (+8.8%)
- 5-year price change: +$78,885 (+39.2%)
- Typical home value: $280,133 (#3 most expensive city in metro)
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Stacker

#2. Riner, VA

- 1-year price change: +$25,131 (+8.7%)
- 5-year price change: +$88,893 (+39.2%)
- Typical home value: $315,594 (#2 most expensive city in metro)
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Stacker

#1. Blacksburg, VA

- 1-year price change: +$29,523 (+8.2%)
- 5-year price change: +$116,510 (+42.7%)
- Typical home value: $389,240 (#1 most expensive city in metro)

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