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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.



Cedar Bluff, 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 Q4 2023. 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

Cedar Bluff, VA Housing Market Trends

With 1,045 people, 541 houses or apartments, and a median cost of homes of $118,717, house prices in Cedar Bluff are some of the most affordable in Virginia as well as the nation.

Single-family detached homes are the single most common housing type in Cedar Bluff, accounting for 73.21% of the town's housing units. Other types of housing that are prevalent in Cedar Bluff include mobile homes or trailers ( 12.81%), duplexes, homes converted to apartments or other small apartment buildings ( 7.99%), and a few large apartment complexes or high rise apartments ( 5.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cedar Bluff. Owner-occupied housing accounts for 65.25% of Cedar Bluff's homes, and 71.05% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Cedar Bluff built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cedar Bluff built between 1940-1969 ( 35.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.31%). There's also some housing in Cedar Bluff built before 1939 ( 10.65%).

Cedar Bluff Home Appreciation Rates

Cedar Bluff's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cedar Bluff during the period has been just 5.17%, which is lower than 70% of US communities.

Appreciation rates are so strong in Cedar Bluff that despite a nationwide downturn in the housing market, Cedar Bluff real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cedar Bluff appreciation rates continue to be some of the highest in America, at 7.71%, which is higher than appreciation rates in 80.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cedar Bluff. Cedar Bluff appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.04%.

Importantly, this makes Cedar Bluff one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Virginia, our data show that Cedar Bluff's latest annual appreciation rate is higher than 50% of the other cities and towns in Virginia.

Average Home Values

Median Home Value

$118,717

Cedar Bluff, VA Home Prices
> $1,228,000
$921,001 - $1,228,000
$614,001 - $921,000
$491,001 - $614,000
$369,001 - $491,000
$246,001 - $369,000
$123,001 - $246,000
$62,001 - $123,000
$0 - $62,000
0.9%
0.9%
0.0%
0.0%
3.3%
3.3%
2.6%
2.6%
2.1%
2.1%
5.2%
5.2%
41.5%
41.5%
27.4%
27.4%
17.0%
17.0%
0% 100.0%
% of Homes
Very Low

for Virginia

Very Low

for nation

Number of Homes And Apartments:

541

Cedar Bluff Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,397 / per month

Homeownership Rate

Owners
Renters
65.2%
65.2%
34.8%
34.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.0%
10.0%
90.0%
90.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.3%
14.3%
39.3%
39.3%
35.8%
35.8%
10.6%
10.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.2%
73.2%
0.0%
0.0%
8.0%
8.0%
6.0%
6.0%
12.8%
12.8%
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%
0.5%
0.5%
28.0%
28.0%
53.9%
53.9%
17.1%
17.1%
0.5%
0.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Cedar Bluff

Zip Codes in Cedar Bluff, VA