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Moneta

Moneta

Located in Bedford County

$318,781 Average Value
$355 Average Price per Sq Ft
56 Homes For Sale

Moneta offers proximity to Smith Mountain Lake State Park

Within the Smith Mountain Lake area, Moneta, 25 miles from Roanoke, is appreciated for its proximity to the Smith Mountain Lake State Park, 8 miles away. “Moneta is near the Smith Mountain Lake, so it's a great resort community,” says Scott Fogleman, a Realtor with eXp Realty. Fogleman has been working in the industry since 2010. “The desirability, especially since COVID, to be in a place with great water views and outdoor recreation has been in high demand.” Moneta is a mixed area with residential and commercial areas surrounded by farmland. The community is not on the water but close enough to easily access the lakeside amenities and far enough away to avoid the crowds in summer.

Hike in community parks and boat on the lake

Moneta Park is a 119-acre park with 50 acres developed for a trail system, picnic shelters, sports fields and an 18-hole disc golf course. Along Old Moneta Road is the Moneta Community Park, which has a manicured field for soccer and a play structure.

The Smith Mountain Lake State Park, 8 miles away, defines the area, drawing weekenders, boaters and anglers to its shores. “The lake is man-made, designed to help provide power to the community, it was farmland that was damned, and the water was filled in,” says Fogleman. “You can swim in it, but the water drops off quickly, so you need life jackets, and then it's close to the mountains, so you get incredible views.” The park has a beach open from Memorial Day through Labor Day, and there are camp sites and trails throughout the area. Boating and fishing are popular pastimes on the lake, with many marinas and fishing docks lining the shore. “It’s a great lake for water sports: boats, water skiing, jet skiing and there's a large fishing tournament once a year,” says Fogleman.

Seasonal events in the area

The Moneta Library holds events and programs year-round, such as storytimes, arts and crafts and yoga classes. From May through August, the Moneta Farmers Market takes place on Wednesdays outside the library.

In July, Smith Mountain Lake hosts Pirate Days, a weekend-long event with a ball, a costume contest, a vendor market and boat battles. Everyone gets on their boats with water cannons and shoots at each other, says Fogleman. The B&W Trailer Heavy Hitters Bass Pro Tour takes place in May, and professional anglers compete to see who can catch the heaviest bass.

Single-family homes along winding roadways

Homes line winding roadways, with room for front and backyards. Houses on larger lots are built back from the road down dirt paths or long driveways. Homes are mainly single-family in the Colonial Revival and ranch-styles. They range in price from $200,000 to $400,000. “People will retire there. They’re looking for investments, they’ll visit on the weekend or rent out the property,” says Fogleman.

Commuters use state routes to reach nearby towns

State Route 24 leads 25 miles to Roanoke and state Route 122 leads 40 miles to Lynchburg, in the opposite direction. The same route leads to Bedford, 13 miles away, and Rocky Mount, 23 miles away. The Centra Bedford Memorial Hospital is 15 miles away, and the Roanoke-Blacksburg Regional Airport is 29 miles away. The Olive Branch Missionary Baptist Church is a 1896 historic house of worship in Moneta. Other houses of worship include the Bethlehem United Methodist Church and Promise Land Baptist Church.

Restaurants and retailers in Moneta

Edo Grill and Sushi shares a building with Cilantro Mexican Grill on Mercantile Street. Next door is Bella Vita Italian Restaurant, which serves classic Italian dishes and American pub fare in a diner decorated with wall murals. The Moneta Farm & Home Center, which sells construction materials, farm equipment, and lawn care items, is further up the road. Residents head to the Food Lion, 2 miles from Moneta, for groceries.

Students attend Bedford County schools

Bedford County Public Schools, which gets a B from Niche, serves the area. Children may attend Moneta Elementary, which also gets a B. Students continue to Staunton River Middle, which gets a B-minus and Staunton River High, which gets a C. The high school offers a career coach to assist students in defining their after-graduation plans and goals.

Isabella Pontecorvo
Written By
Isabella Pontecorvo

Interested in learning more about homes in this area? Reach out to Chris Reavis, an experienced agent in this area.

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Parks in this Area

Moneta Housing Trends

Housing Trends

Median List Price
$699,450
Median Sale Price
$707,500
Median Single Family Sale Price
$749,900
Median Townhouse Sale Price
$515,000
Median 2 Bedroom Sale Price
$481,500
Median Change From 1st List Price
2%
Last 12 months Home Sales
206
Median Home Sale Price YoY Change
39%
Average Price Per Sq Ft
$355

Area Facts

Number of Homes
2,246
Number of Homes for Sale
56
Median Year Built
1993
Months of Supply
3.30
Average Single Family Home Size Sq Ft
2,578
Significantly above the national average
1,929
Average Townhouse Size Sq Ft
1,374
Average 2 Bedroom Size Sq Ft
1,165
Average 1 Bedroom Size Sq Ft
692
Average Studio Size Sq Ft
575
Median Lot Size Sq Ft
34,194

Open Houses

  • Saturday, Nov 8
    Open Sat 11AM - 3PM

    89 Atlantic Ave, Moneta, VA 24121

    $1,950,000

    • 4 Beds
    • 3.5 Baths
    • 4,562 Sq Ft
    • 89 Atlantic Ave
    • New 9 days ago

    Smith Mountain Lake Living at Its Finest. Step into serenity with this stunning contemporary brick home in Park Place, one of the most coveted communities on Smith Mountain Lake. Key Features: - Breathtaking Views - Overlooking Smith Mountain Lake & the county park. Spacious Design: decorated as a 4-bedroom, 3 full bathrooms, & 1 half bath. Elegant Interiors: Cathedral and tray ceilings - Kitchen

    Deborah Beran DEB BERAN PROPERTIES

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  • Sunday, Nov 2
    Open Sun 1PM - 3PM

    155 Mallard Cove Rd, Moneta, VA 24121

    $439,000

    • 3 Beds
    • 2.5 Baths
    • 1,581 Sq Ft
    • 155 Mallard Cove Rd
    • New 13 days ago

    Adorable Lake access Cape Cod. Renovated and move-in ready! Every detail has been thoughtfully updated including; electrical, plumbing, insulation, HVAC, durable SmartSide siding, gutters, facia, cozy logs with/ blower, crawspace w/ vapor barrier, water softner system, well pump. Primary Bedroom and Laundry on main level. Beautiful Leathered Marble counters in kitchen and baths. Renovated wrap

    Kathryn Sink SINK REALTY GROUP LLC

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  • Sunday, Nov 2
    Open Sun 2PM - 4PM

    6223 Joppa Mill Rd, Moneta, VA 24121

    $359,900

    • 3 Beds
    • 2 Baths
    • 1,386 Sq Ft
    • 6223 Joppa Mill Rd
    • New 13 days ago

    Two dwellings on one property (one dwelling could be as an in-law residence). Great investment and rental opportunity for these two dwellings. Both dwellings have been updated - New Roof on each. Fenced area in back yard. Great location in Bedford County with nice view of farm land and mountains.

    Darryl Layne Long & Foster-Forest

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Moneta Has More Owners

Demographics

Total Population
493
Median Age
51
Population under 18
19.1%
On par with the national average
23.8%
Population over 65
28.8%
Above the national average
19.1%

Finances

Median Household Income
$56,447
Significantly below the national average
$71,702
Average Household Income
$90,765

Education and Workforce

High School Graduates
92.8%
College Graduates
28.7%
Below the national average
34.1%
Advanced Degrees
15.7%
% Population in Labor Force
55.1%
Below the national average
65.1%

Weather

Annual Precipitation
43''
Average Winter Low Temperature
29°F
Average Summer High Temperature
88°F
Annual Snowfall
1''

Area Factors

Somewhat Bikeable

Bike Score®®

17 / 100

Car-Dependent

Walk Score®®

9 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Moneta