States · Virginia · Wythe County

Speedwell, Virginia.

Typical home $161,632 (+9.0% in a year).

What it costs per month · Speedwell $848/mo

to buy the typical home at today's mortgage rate — +$520 (+158%) since Jan 2020.

What the home itself did
1 year
Up $13,290 +9%
$148,342$161,632 since Sep 2025
5 years
Up $52,244 +48%
$109,388$161,632 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 Speedwell $848 Virginia $2,164 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • Speedwell$848
  • Virginia$2,164
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 9 years.

Typical home values in Speedwell, VA rose 9.0% over the past year — faster than the nation's +1.2%.

Living in Speedwell, Wythe County, Virginia

The Census does not count Speedwell on its own, so the figures here are Wythe County's. Half the county's households earn more than $57,745 a year and half less; 15% of the county's people live below the poverty line. 77% of the county's homes are lived in by their owners and 23% are rented. Unemployment in Wythe County was 3.4% in August 2026, and the county had 0.1% fewer jobs in 2025 than the year before. The most people in Wythe County work in schools and health care, then manufacturing.

People 28,000 about, in Wythe County: the Census does not count Speedwell on its own
Household income $57,745 the median in Wythe County, give or take $4,590
Unemployment 3.4% Wythe County, August 2026; 5.9% a year before
Homes 77% lived in by their owners; 23% rented

Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.

What it’s like

The place. Speedwell is a community in Wythe County, in the southwest of Virginia, where winters are cold and summers are warm. Across the county, most homes are lived in by their owners, and renting is less common than across the country. Residents are older on the whole than the typical American, and fewer adults have a four-year degree than in most of the country.

Work. Many residents work in schools, hospitals and social care, in manufacturing, in shops, and in restaurants, hotels and entertainment. Unemployment across the county has fallen over the past year, though the number of jobs was slightly lower in the most recent year. Few people work from home, so the daily drive to work is a regular part of life.

Things to do. Little Dry Run Wilderness is a protected area in or beside town, so it can be reached without a long trip. Horse Heaven, another protected area, is a short drive away. The New River, a river a longer drive away, is the best known of the nearby waterways.

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  • 12,533households
  • 46.0median age
  • 19%of adults have a degree
  • 15%below the poverty line
  • 24 mintypical commute
  • 7%work from home

What people in Wythe County work in

  • Schools, hospitals and social care21%
  • Manufacturing19%
  • Shops (retail)12%
  • Restaurants, hotels and entertainment10%
  • Professional and business services8%
  • Building trades7%

Employed residents by industry, from the Census survey. Wythe County had 11,567 jobs in 2025, 0.1% fewer than the year before (Bureau of Labor Statistics).

Weather through the year

Average daily high and low for each month: coldest in January, 41° and 22°; warmest in July, 79° and 63° 20° 30° 40° 50° 60° 70° 80° J 41° 22° F M A M J J 79° 63° A S O N D
Average daily high and low for each month: coldest in January, 41° and 22°; warmest in July, 79° and 63° 20° 30° 40° 50° 60° 70° 80° J 41° 22° F M A M J J 79° 63° A S O N D

Coldest in January, with highs near 41° and lows near 22°; warmest in July, with highs near 79° and lows near 63°.

Average daily high and low, 1991–2020, at the Elk Creek 4SSW weather station, 8 miles away (NOAA).

Largest workplaces in Wythe County

  1. Wythe County Public SchoolsSchool district693FTE
  2. PepsiCoSoft drink manufacturing413
  3. PepsiCoSoft drink manufacturing373
  4. Somic AmericaRack and pinion steering assemblies manufacturing359
  5. WalmartWarehouse clubs and supercenters289
  6. Wythe County Community HospitalGeneral hospital269FTE
  7. Klockner Pentaplast of America Rural RetreatAcrylic film and unlaminated sheet manufacturing261
  8. Virginia State PoliceLaw enforcement210

Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 28 workplaces with 20 or more staff, 3,649 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.

Natural hazards

  1. Cold wavesRelatively moderate
  2. Strong windRelatively moderate
  3. DroughtRelatively moderate

FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Wythe County, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.

From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Wythe County.

Speedwell home values

Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.

$100,000 $200,000 $300,000 $400,000 2018 2020 2022 2024 2026 Speedwell $161,632 Virginia $412,252 United States $366,157
$100,000 $200,000 $300,000 $400,000 2018 2022 2026
  • Speedwell$161,632
  • Virginia$412,252
  • United States$366,157

When this market ran hot

Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.

JFMAMJJASOND
2026
2025
2024
2023
2022
2021
2020
2019
2018
falling flat warming hot overheating runaway

Zip codes with a Speedwell address

A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Speedwell — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.

Zip codes in Speedwell