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1006 Madison St, Bedford, VA, 24523

2beds
1baths
1,038sqft
$164,500
$158price/sqft
$1,156/moest. monthly cost
$46,240/yrincome needed

About This Home

Conveniently located in the Town of Bedford, this 2 bedroom, 1 bath home offers both comfort and functionality. Enjoy a fenced front yard and a spacious backyard, perfect for outdoor activities, entertaining, or pets. Two storage buildings (10x16 and 8x10) and a carport (12x20) convey, providing added value and plenty of space for storage and parking.

Getting Around

49
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

--
Bedford Primary SchoolGrades PK-10.8 mi
7/10
Bedford Middle SchoolGrades 6-82.6 mi
3/10
Liberty High SchoolGrades 9-122.7 mi

Construction

Condition

  • Property condition: Completed
  • Year built: 1946

Materials

  • Construction materials: Vinyl

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Range,Refrigerator

Bedroom1

  • Level: E

Bedroom2

  • Level: E

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Area

  • Level: E

Features

  • Breakfast Area,Storage
  • Door features: Insulated,Metal
  • Window features: Clad,Insulated Windows,Tilt-In
  • Flooring: Vinyl,Wood
  • Finished area above ground: 1,038

Heating & Cooling

  • Heating features: Heat Pump Electric
  • Cooling features: Heat Pump Electric

Interior Area

  • Total structure area: 1,038
  • Total interior livable area: 1,038 sqft

Kitchen

  • Level: E

Laundry

  • Level: E

Living Room

  • Level: E

Property

Details

  • Parcel number: 195 5 2 3T

Features

  • Patio & porch: Side Porch
  • Fencing: Fenced

Lot

  • Features: Manufac Home Allowed

Parking

  • Total spaces: 1
  • Parking features: Detached Carport
  • Covered spaces: 1
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Virginia Counties

Flood
Severe Storm
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $831$9,972
Home Insurance *$56$672
Property Taxes $67$804
Electricity $202$2,433
Total$1,156$13,872
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$39,634/yr
40% on housing$34,680/yr
45% on housing$30,826/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.3%
11.3%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$158This listing

vs Other Active Listings

Avg $/sqft

ZIP 24523$180
Bedford County$196

vs Homes Sold Last Month

Median $/sqft

ZIP 24523$192
Bedford County$181

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-03Listed for sale$164,500
2022-06-10Sold$125,000
2022-04-19Pending sale$119,900
2018-01-16Sold$54,500

For Sale by Agent

AgentW. R. '' BILLY '' KINGERY, JR.
BrokerageMOUNTAIN TO LAKE REALTY

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