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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Floyd, VA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Floyd, VA Housing Market Trends

With a population of 449, 253 total housing units (homes and apartments), and a median house value of $343,168, Floyd real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Floyd, accounting for 75.72% of the town's housing units. Other types of housing that are prevalent in Floyd include large apartment complexes or high rise apartments ( 10.86%), duplexes, homes converted to apartments or other small apartment buildings ( 6.39%), and a few mobile homes or trailers ( 5.75%).

The most prevalent building size and type in Floyd are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.45% owning and 37.55% renting.

Vacant housing appears to be an issue in Floyd. Fully 19.17% of the housing stock is classified as vacant. Left unchecked, vacant Floyd homes and apartments can be a drag on the real estate market, holding Floyd real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Floyd Home Appreciation Rates

Appreciation rates for homes in Floyd have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.71%, which ranks in the top 40% nationwide. This equates to an annual average Floyd house appreciation rate of 7.00%.

Appreciation rates are so strong in Floyd that despite a nationwide downturn in the housing market, Floyd real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Floyd appreciation rates continue to be some of the highest in America, at 10.66%, which is higher than appreciation rates in 89.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Floyd. Floyd appreciation rates in the latest quarter were at 2.32%, which equates to an annual appreciation rate of 9.63%.

Relative to Virginia, our data show that Floyd's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia.

Average Home Values

Median Home Value

$343,168

Floyd, VA Home Prices
> $1,531,000
$1,148,001 - $1,531,000
$765,001 - $1,148,000
$612,001 - $765,000
$460,001 - $612,000
$306,001 - $460,000
$153,001 - $306,000
$76,001 - $153,000
$0 - $76,000
2.0%
2.0%
0.6%
0.6%
2.5%
2.5%
8.7%
8.7%
18.0%
18.0%
23.9%
23.9%
30.0%
30.0%
8.9%
8.9%
5.4%
5.4%
0% 100.0%
% of Homes
Average

for Virginia

High

for nation

Number of Homes And Apartments:

253

Floyd Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,100 / per month

Homeownership Rate

Owners
Renters
62.5%
62.5%
37.5%
37.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
19.2%
19.2%
80.8%
80.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.2%
3.2%
36.4%
36.4%
36.4%
36.4%
24.0%
24.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.7%
75.7%
1.3%
1.3%
6.4%
6.4%
10.9%
10.9%
5.8%
5.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
14.4%
14.4%
33.9%
33.9%
34.5%
34.5%
15.7%
15.7%
1.6%
1.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Floyd

Zip Codes in Floyd, VA