Why Live in Downtown Blacksburg
Downtown Blacksburg, where Main Street intersects with the Virginia Tech campus, is a vibrant hub known for its friendly community and pedestrian-friendly streets. The area features a mix of local businesses, restaurants, and nightlife spots frequented by students and residents alike. Notable points of interest include the historic Lyric Theatre with its Art Deco architecture and the Moss Arts Center, which hosts a variety of performances. Dining options range from vegetarian fare at Gillie’s to Baja-style Mexican at Cabo Fish Taco. The Blacksburg Farmer’s Market operates from April through December, offering fresh local produce. For shopping, residents have access to stores selling clothing, sports gear, and groceries, with Eats Natural Foods and Kroger nearby. Housing in Downtown Blacksburg is primarily rental, with several apartment complexes and a new luxury townhouse community called Midtown. Single-family homes are rare and often owned by Virginia Tech or Greek Life organizations. The neighborhood is highly walkable and bike-friendly, with free bus services provided by Blacksburg Transit. Adjacent Wong Park offers outdoor amenities, while the nearby Blacksburg Municipal Park includes a skatepark and playground. Students attend highly rated schools within Montgomery County Public Schools, including Margaret Beeks Elementary, Blacksburg Middle, and Blacksburg High. The area has a low crime risk compared to the national average, making it a desirable place for both students and long-term residents.
Home Trends in Downtown Blacksburg, VA
On average, homes in Downtown Blacksburg, Blacksburg sell after 83 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Blacksburg, Blacksburg over the last 12 months is $752,932, down 6% from the median home sale price over the previous 12 months.
Median Sale Price
$752,932
Median Single Family Sale Price
$1,054,850
Median Townhouse Sale Price
$1,023,303
Median 2 Bedroom Sale Price
$671,317
Median 1 Bedroom Sale Price
$375,000
Average Price Per Sq Ft
$367
Number of Homes for Sale
2
Last 12 months Home Sales
12
Median List Price
$784,523
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-6%