Why Live in Emory
Emory, a small university town in Southwest Virginia, is centered around Emory and Henry University, which has been a community cornerstone for nearly 200 years. The neighborhood features a mix of ranch-style homes from the 1960s and newer farmhouse-style houses on larger lots, with some recent townhome developments. Emory's residents are primarily affiliated with the university, contributing to a tight-knit community atmosphere. The local schools, Meadowview Elementary and Glade Spring Middle, are highly rated, serving the educational needs of the town's younger residents. Emory offers access to numerous outdoor features, including the Virginia Creeper Trail, Channels Natural Area Preserve, and the Appalachian Trail, all within a short drive. The town's social life revolves around university events, such as football games and performances at the McGlothlin Center for the Arts. Interstate 81 provides convenient access to nearby services in Abingdon, 10 miles away, and Tri-Cities Airport, 40 miles away. Emory has a low crime risk compared to the national average, making it a safe place to live. Local businesses cater mainly to students, with options like Hot Shots coffee shop and Piazza for dining, and Emory Mercantile Company for university spiritwear.
Frequently Asked Questions
What is the average home price in Emory, VA?
Homes for sale in Emory, VA have an average home price of $463,622.
Are home prices dropping in Emory?
Yes, home prices in Emory are down 6% in the last 12 months.
How many homes have sold over the last 12 months in Emory, VA?
6 homes have sold in Emory, VA over the last 12 months.
Is Emory, VA a safe city?
In general, the safest neighborhood in Emory, VA with lower crime scores is
Meadowview.
What are the most popular zip codes in Emory, VA?
What are the most popular neighborhoods in Emory, VA?
The most popular neighborhood in Emory, VA with the most homes for sale is
Meadowview.
How much do you need to make to afford a house in Emory?
The median home price in Emory is $349,900. If you put a 20% down payment of $70,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,820 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $78K a year to afford the median home price in Emory.
How are the schools in Emory, VA?
Home Trends in Emory, VA
On average, homes in Emory, VA sell after 139 days on the market compared to the national average of 50 days. The median sale price for homes in Emory, VA over the last 12 months is $265,000, down 22% from the median home sale price over the previous 12 months.
Median Sale Price
$265,000
Median Single Family Sale Price
$417,450
Average Price Per Sq Ft
$155
Number of Homes for Sale
2
Last 12 months Home Sales
6
Median List Price
$349,900
Median Change From 1st List Price
13%
Median Home Sale Price YoY Change
-22%