History
A history of real estate in Blacksburg.
How the town was platted and sold, how it grew outward, and what homes have cost, from the first lots in 1797 to this year’s sales.
64
Half-acre lots in the 1798 plan
Sixteen blocks of four lots
$25,700
Median home value, 1970
Census, owner estimates
$446,300
Median home value, 2020-2024
Census survey, owner estimates
$460,455
Median sale price
Last 12 months, live
Chapter 1
1797 to 1871
Lots and streets.
Blacksburg began as a real estate venture. By 1797 William Black had laid off 38 3/4 acres of his family’s land into lots and streets and sold a number of the lots. The buyers had built houses and were building more when he asked the General Assembly to make the place a town. It did, on January 13, 1798.
The plan was simple. Sixteen two-acre blocks sat in four ranges of four, and each block was cut into four half-acre lots: 64 lots in all. Draper Road, then Water Street, anchored one side of the grid. Main Street ran along the rise above it.
The town filled in slowly. A sketch map from 1833 shows roughly six blocks along Main Street, and it may be that only six of the sixteen were surveyed and built on by the 1830s. Unlike Christiansburg, Blacksburg gradually filled the blocks away from its main street, and the early houses that survive stand on those narrower back streets.
Much of the original grid lies in today’s Blacksburg Historic District, which its 1991 National Register nomination calls the largest and best preserved downtown commercial area in Montgomery County.
Chapter 2
1870 to 1941
The first additions.
The college that opened in 1872 needed places for students to live. Lybrook’s Row, built about 1870, housed early students and was known as “Hell’s Row.” In the early 1920s downtown was rebuilt with brick commercial buildings two and three stories tall, with apartments upstairs.
New Town grew lot by lot. In 1874 Gilbert Vaughn, who had been enslaved, bought a half-acre plot and became the neighborhood’s first Black landowner. An 1884 deed conveyed another half-acre “near the town of Blacksburg” in “what is known as ‘New or Clapboard town.’”
After 1900 new residential areas grew north of campus along the Peppers Ferry Road, on Bitter Hill at the northeast edge of the old town, and along Progress Street south of campus.
The biggest venture of the period came south of downtown, on a farm known as Fiddlers Green. John Black had given it to his son Alexander in the 1820s. In 1913 the Southside Land Company, made up of A. W. Miller, F. W. Ehart, J. L. Eakin, M. F. Slusser and J. G. Price, bought the land along the south side of South Main Street and laid out an addition. Its side streets were named for the developers: Miller, Ehart, Eakin, Price and Slusser.
In 1919 A. Warren Miller and his sister, Juanita Miller Rucker, laid out the Miller Addition to the west, served by an extension of Water Street (now Draper Road) and Preston Avenue. J. L. Eakin laid out lots along the south side of what is now Airport Road the same year. Together the additions held about 125 lots, each 50 feet wide, and many buyers bought two lots and combined them.
The houses that followed were Foursquares, bungalows, and Colonial Revival and Tudor Revival homes in brick, frame and stone, many with garages built to match. One early Foursquare on South Main Street was bought from Sears, Roebuck around 1915. Its National Register nomination counts 138 houses and calls it Montgomery County’s largest and most complete suburb of 1909 to 1941. Today it is the Miller Southside neighborhood.
Chapter 3
1940 to 1990
Growing outward.
World War II brought new employees to the college, and the student population grew from 3,242 in 1940 to 4,857 in 1950. Real estate companies began laying out subdivisions outside the town’s historic core. Apperson, in the northeast corner of town, was built mainly in the 1950s and 1960s.
In November 1968 the News Messenger published a map of an area proposed for annexation to the town. Between the 1970 and 1980 censuses the count of homes in Blacksburg went from 3,531 to 9,785, and the population from 9,384 to 30,638.
Planned communities arrived. HHHunt began in Blacksburg in 1966, building housing at Virginia Tech, and in 1971 started Hethwood, its first master-planned community: houses and townhomes on 316 wooded acres. Hethwood’s five neighborhoods are Haymarket Square, Stroubles Mill, Mission Hills, Chowning Place and Pilgrim's Pointe.
University Mall opened in 1975 and pulled development beyond the town’s traditional boundaries. New Town’s longtime residents gradually moved away, and the neighborhood was later redeveloped into a retail center.
The result shows in the homes standing today. Of about 17,028 homes in town, the Census estimates 3,697 were built in the 1970s and 3,140 in the 1980s, more than any other decades.
Homes standing today, by decade built
All 17,028 housing units in the town, houses and apartments alike. Census Bureau, American Community Survey 5-year estimates, 2020 to 2024.
Chapter 4
1990 to today
Owners, renters and rules.
Blacksburg has long been a town of more renters than owners. In 1990, 31.6% of occupied homes in town were owner-occupied. The Census estimates 35.8% for 2020 to 2024: 4,955 of 13,840 occupied homes. The town counted 16,208 homes in the 2020 Census, up from 11,857 in 1990.
The rules took their current shape in these years. The Blacksburg and Miller-Southside historic districts were listed on the Virginia Landmarks Register in 1989 and the National Register of Historic Places in 1991. The Town’s current zoning ordinance, Ordinance 1137, and its official zoning map date to 1997.
Some of the newest homes fill in rather than spread out. Midtown brought townhomes to the old Blacksburg Middle School site; its builder was announced in 2019. In 2024 the Town proposed a small-lot option for its R-4 residential district that would allow 3,000-square-foot lots, where the minimum had been 10,000 square feet, about a quarter acre.
See what's coming to Blacksburg: new development and projects in the works, and follow what Town Council is deciding.
Homes in Blacksburg at each census
Housing units counted inside town limits by the decennial census.
Chapter 5
1970 to now
What homes have cost.
The Census asks owners what their homes would sell for. In 1970 the median Blacksburg owner put the value at $25,700. In 1990 it was $94,400, in 2000 $144,000, and in the Census Bureau’s 2020 to 2024 survey $446,300. In every period with a county figure, Blacksburg’s median sat above Montgomery County’s.
These are owners’ estimates of what a home would sell for, not sale prices, and they are not adjusted for inflation. The 1970 to 2000 figures cover one-family homes on less than 10 acres with no business on the property; the survey figures cover all owner-occupied homes. No 1980 figure is shown: we could not locate that year’s Virginia housing tables.
Median home value, Census
| Census | Blacksburg | Montgomery County |
|---|---|---|
| 1970 | $25,700 | Not shown |
| 1990 | $94,400 | $71,800 |
| 2000 | $144,000 | $114,600 |
| 2006-10 survey | $245,300 | $187,600 |
| 2011-15 survey | $275,400 | $205,100 |
| 2016-20 survey | $309,800 | $230,000 |
| 2020-24 survey | $446,300 | $304,600 |
1970, 1990 and 2000: decennial census, one-family homes on less than 10 acres with no business on the property. Ranges such as 2020-24: American Community Survey 5-year estimates, all owner-occupied homes.
What homes actually sold for.
Census values are estimates. Sales are the record. This is the median price of every Blacksburg house, townhome and condo sale on record, by year, from 2006 through 2025.
| Period | Median sale price |
|---|---|
| 2006 | $223,375 |
| 2007 | $229,625 |
| 2008 | $232,500 |
| 2009 | $225,000 |
| 2010 | $228,750 |
| 2011 | $238,375 |
| 2012 | $229,975 |
| 2013 | $235,000 |
| 2014 | $235,000 |
| 2015 | $249,000 |
| 2016 | $245,500 |
| 2017 | $280,750 |
| 2018 | $285,000 |
| 2019 | $308,500 |
| 2020 | $330,000 |
| 2021 | $360,000 |
| 2022 | $420,000 |
| 2023 | $425,000 |
| 2024 | $431,500 |
| 2025 | $475,000 |
- From 2006 through 2016 the yearly median barely moved: it stayed between $223,375 and $249,000.
- It first reached $300,000 in 2019 and $400,000 in 2022.
- The biggest one-year rise came in 2022: 17%, from $360,000 to $420,000.
- In 2025 the median home sold for $475,000, 113% above 2006. These prices are not adjusted for inflation.
$460,455
Median sale price
Last 12 months
$455,000
2026 so far
309 home sales
410
Homes sold
Last 12 months
Live. Updated 5 hours ago.
See the market month by monthSee recent salesWhat is my home worth?
Timeline
Real estate, year by year.
From the first lots to the newest rules.
1797
The first lots
William Black lays off 38 3/4 acres in lots and streets and begins selling them.
1798
Sixteen squares
The town is established on January 13: sixteen two-acre blocks, 64 half-acre lots.
1833
Roughly six blocks
A sketch map shows roughly six blocks along Main Street.
c. 1870
Lybrook’s Row
Built about 1870, it houses early students of the new college.
1874
New Town
Gilbert Vaughn buys a half-acre plot and becomes New Town’s first Black landowner.
1913
Southside Land Company
The company buys the land south of South Main Street and lays out an addition.
1919
Miller Addition
About 125 fifty-foot lots across the two additions, many bought in pairs.
1920s
Apartments downtown
Downtown is rebuilt in brick, two and three stories with apartments upstairs.
1968
Annexation proposed
A map of an area proposed for annexation runs in the News Messenger.
1971
Hethwood
HHHunt begins its first master-planned community: 316 wooded acres.
1975
University Mall
Development moves beyond the town’s traditional boundaries.
1991
Historic districts
Downtown and Miller-Southside join the National Register.
1997
Zoning ordinance
The Town’s current zoning ordinance and official map are adopted.
2019
Midtown
Townhomes are announced for the old Blacksburg Middle School site.
2024
Smaller lots
The Town proposes 3,000-square-foot lots in its R-4 district.
Sources
Every historical fact on this page comes from a source below, read on the date shown. Where sources disagree or a record could not be checked, the fact is left out. Census figures are the Census Bureau’s; sale prices come from local sales records and update automatically. Something to add or correct? Tell us.
- National Register of Historic Places nomination: Blacksburg Historic District (Gibson Worsham; VLR 1989, NRHP 1991), Virginia Department of Historic Resources file 150-0108Checked October 13, 2026
- Virginia Department of Historic Resources: Blacksburg Historic District (150-0108)Checked October 13, 2026
- Virginia Tech Special Collections and University Archives, New Town: Across the Color Line: The Origins of New TownChecked October 13, 2026
- National Register of Historic Places nomination: Miller-Southside Residential Historic District (VLR 1989, NRHP 1991), Virginia Department of Historic Resources file 150-0109Checked October 13, 2026
- Virginia Department of Historic Resources: Miller-Southside Residential Historic District (150-0109)Checked October 13, 2026
- Virginia Tech Special Collections and University Archives, New Town: Across the Color Line: Legacy, New Town’s Fate and AfterlifeChecked October 13, 2026
- The Blacksburg Partnership: neighborhoods (Apperson/Dickerson)Checked October 13, 2026
- Virginia Tech Special Collections: Map-0264, "Town of Blacksburg, Virginia, and Vicinity. Existing Land Use of Area Proposed for Annexation" (News Messenger, November 14, 1968)Checked October 13, 2026
- U.S. Census Bureau, 1990 CPH-2-48, Population and Housing Unit Counts, Virginia: population and housing units, 1970 to 1990Checked October 13, 2026
- HHHunt: the HHHunt storyChecked October 13, 2026
- The Blacksburg Partnership: HethwoodChecked October 13, 2026
- U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, table B25034 (year structure built), Blacksburg townChecked October 13, 2026
- U.S. Census Bureau, 1990 CH-1-48, General Housing Characteristics, Virginia: Table 1, summary of general housing characteristicsChecked October 13, 2026
- U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, table B25003 (tenure), Blacksburg townChecked October 13, 2026
- U.S. Census Bureau, data.census.gov: Blacksburg town, Virginia, 2000, 2010 and 2020 censuses (total population and housing units)Checked October 13, 2026
- Town of Blacksburg: official zoning map (certified as adopted April 22, 1997, by Ordinance 1137)Checked October 13, 2026
- Town of Blacksburg Code, Appendix A: Ordinance No. 1137, Blacksburg Zoning Ordinance (Municode)Checked October 13, 2026
- WSET: "Eagle Construction to build Midtown townhomes in Blacksburg" (December 4, 2019)Checked October 13, 2026
- WSLS 10: "Blacksburg Town Council considering zoning amendment to allow for smaller residential lots" (July 29, 2024)Checked October 13, 2026
- U.S. Census Bureau, 1970 Census of Housing, Vol. 1, Part 48 Virginia, General Housing Characteristics: Table 24, financial characteristics for places of 2,500 to 10,000Checked October 13, 2026
- U.S. Census Bureau, Census 2000 PHC-2-48, Summary Social, Economic, and Housing Characteristics, Virginia: Table 26, home valueChecked October 13, 2026
- U.S. Census Bureau, American Community Survey 5-year estimates, table B25077 (median value, owner-occupied housing units): 2006-2010, 2011-2015, 2016-2020 and 2020-2024Checked October 13, 2026
- U.S. Census Bureau, 2024 American Community Survey subject definitions: ValueChecked October 13, 2026