Virginia
How are Rental Markets Trending Across Virginia? – Virginia REALTORS®
“Uncertain” has become the most common adjective used to describe the U.S. economic outlook and, consequently, consumer confidence levels have dropped. Moreover, housing market sentiment has also suffered, which has led to slower activity levels in the homebuying space in Virginia since the beginning of 2025. Potential homebuyers are hesitant to make a big purchase in light of broader economic fears. Many of them are choosing to continue renting as they wait for more stability and a more positive economic forecast. To understand the rental market landscape, let’s look at the predominant rental trends across the different metro areas in Virginia.
- All nine metro regions in Virginia have seen an increase in rent prices so far in 2025.
Housing costs have continued their upward trajectory. Rental market prices are no different. So far in 2025, according to CoStar, the effective rent per unit in Virginia was $1,820, which is 2.7% higher than the 2024 annual average rent of $1,772. All metro areas in the Commonwealth have seen rents go up. Charlottesville saw the highest percentage increase in rent (+4.7%), followed by Lynchburg (+3.0%) and Northern Virginia (+2.8%). Rental prices saw the smallest percentage increase in Blacksburg (+0.4%). This emphasizes the fact that while more people are choosing to rent and delay homebuying plans, their rental costs are going up.
- Most metro regions have seen a decline in concessions provided to renters.
Landlords tend to offer rent concessions as an incentive to attract or retain tenants. These concessions can be offered in the form of a temporary reduction in rent, and certain fee waivers, among others. Major rental markets in Virginia have seen a decline in effective rent concessions. Five out of the nine metro regions – Northern Virginia, Richmond, Hampton Roads, Lynchburg, and Charlottesville – have seen effective rent concessions go down so far in 2025 compared to last year. Renters aren’t being offered as many incentives to sign or extend their leases given the increased demand for rental units.
- Rental inventory has gone up in most metro areas in Virginia compared to 2024.
There was a significant increase in multifamily construction activity in 2021 and 2022. This has led to increased rental inventory in Virginia’s metro areas. Compared to 2024, seven out of the nine metro areas saw an increase in rental inventory levels, while rental inventory in Charlottesville and Winchester remained unchanged. This trend of rising inventory is expected to flatten out as multifamily construction activity slows down across the state.
For more information on housing, demographic and economic trends in Virginia, be sure to check out Virginia REALTORS® other Economic Insights blogs and our Data page.
Virginia
Virginia Democratic operative arrested on child pornography charges
WARNING: This story contains material some readers may find disturbing due to its graphic content. Reader discretion is advised.
RICHMOND, Va. — A Virginia Democratic operative is accused of distributing child pornography.
Randon Alexander Sprinkle, 30, allegedly engaged in conversations with an undercover FBI agent in May of this year through the Jack’d app under the name “Randy.”
The 9-page affidavit states that Sprinkle asked the agent to move their conversation to Telegram, where he allegedly wrote “mostly into young, rape, incest – you?”
The arrest has prompted swift condemnation from elected officals who worked with Sprinkle in various capacities.
Richmond City Council Vice President Katherine Jordan said Sprinkle served as her 2024 campaign treasurer, handling campaign forms, events and financial reporting.
“What has been alleged is disgusting and abhorrent,” Jordan said in a statement. “I’m shocked and sickened.”
1st District Council member Andrew Breton also used Sprinkle’s services for campaign finance reports and event logistics.
“The allegations are shocking and disturbing. I am grateful that law enforcement is involved, and that justice is taking its course,” Breton said.
Congresswoman Jennifer McClellan, who has appeared in several photos with Sprinkle that he posted on X, also responded through spokesman Jared Leopold.
“Congresswoman McClellan is shocked by these appalling accusations which should be prosecuted to the fullest extent of the law,” Leopold stated.
Sprinkle previously served as a leader in the Young Democrats of Virginia and held a financial director position with the Democratic Part of Virginia.
He has also been photographed with Governor-elect Abigail Spanberger. Spanberger’s representatives have not responded to requests for comment.
The FBI affidavit confirms that 68 files were extracted during a forensic sweep of Sprinkle’s electronic devices, some with disturbing titles. Legal expert Ed Riley said the investigation may have uncovered evidence of distribution through peer-to-peer networks where individuals exchange illegal video files and images.
If convicted on the single charge of distribution of child pornography, Sprinkle faces a mandatory minimum sentence of five years in federal prison, with potential sentencing up to 20 years.
“If they find the images and they can connect you to the images, you’re not dealing with the merits of the case anymore. You’re dealing with the resolution that it’s going to be,” Riley said.
Sprinkle is currently being held at the Northern Neck Regional Jail in Warsaw.
This is a developing story. Email the CBS 6 Newsroom if you have additional information to share.
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Virginia
Penn State transfer opens the door for a James Franklin reunion at Virginia Tech
Things are beginning to slow down for James Franklin since being hired at Virginia Tech in November. Sure, you can say that it never really slows down for a college football coach, but since signing his contract in Blacksburg, he has made major strides in recruiting, bringing the Hokies from near the bottom of the FBS to a Top 25 class with the Class of 2026.
Franklin has also been building his first staff at Virginia Tech. In both cases, recruiting and coaching additions, he has gone back to his Penn State roots to pluck both recruits and coaches. Heck, he is even reportedly bringing back former Virginia Tech head coach Brent Pry, who was fired in September to open the door for Franklin to come to Tech, as his defensive coordinator.
The transfer portal opens up next month, and there are going to be several needs that Franklin and his staff are going to have to address. There are going to be several portal targets, and one of them announced he was leaving Penn State and made it clear that he was thankful for Franklin for his time in State College. Is it a sign of things to come when he enters the portal?
Penn State transfer Chaz Coleman opens door for reunion with James Franklin
It was reported by Hayes Fawcett of Rivals and On3 that five-star Penn State edge Chaz Coleman was entering the transfer portal. Coleman quoted the post on X, formerly known as Twitter, and made it a point to thank Franklin and his staff for believing in him.
“After much thought and consideration, I have decided to enter the transfer portal this coming January to pursue other opportunities. I’d like thank James Franklin and his staff for believing in me and teaching me what it means to believe in myself,” Coleman wrote.
Coleman becomes one of the most coveted players when the portal opens, and the Warren, Ohio native will have no shortage of suitors. The 6-foot-4, 240-pound edge rusher played well as a freshman for the Nittany Lions with eight tackles in five games. Several of the top programs are going to be in on him. Don’t be surprised if Ohio State makes a major push for him.
As far as Virginia Tech goes, does Franklin get in the mix? That remains to be seen, but stranger things have happened. He would be a tremendous get for the Hokies, who need help along the defensive side of the ball along the line. Did he call out Franklin by coincidence, or is there an underlying message there? Most likely the first one, but we’ll see.
Virginia
Wachapreague Historic District named to Virginia Landmarks Register – Shore Daily News
Pictured: Wachapreague General Store. Photo credit- James Bell, 2021 Wachapreague General Store. Photo credit- James Bell, 2021
Virginia has added eight new sites to the Virginia Landmarks Register, recognizing places across the Commonwealth for their historic, architectural, and cultural significance, including a historic district on the Eastern Shore.
The Commonwealth’s Board of Historic Resources approved the designations during its quarterly public meeting on December 11 in Richmond. The Virginia Landmarks Register is the state’s official list of properties deemed important to Virginia’s history and heritage.
Among the newly designated sites is the Wachapreague Historic District. Encompassing 96 acres, the district includes the waterfront town of Wachapreague, which developed from the late 19th through the early 20th centuries as a destination for hunting and fishing and as a commercial hub with access to the Wachapreague Channel and the Atlantic Ocean.
The district features a concentration of residential and commercial buildings constructed in vernacular, Folk Victorian, and other architectural styles common to the Eastern Shore during the town’s period of growth. While Wachapreague’s population declined beginning in the 1960s, the town continues to attract visitors from across Virginia and beyond.
Other sites approved for listing include properties in Arlington, Bath, Frederick, Loudoun, and Pittsylvania counties; the city of Petersburg; and the town of Mount Jackson in Shenandoah County. Collectively, the new landmarks highlight a diverse range of resources, from a 20th-century airfield built for early commercial air travelers to a mill dam and mill pond complex that once served as a recreational and social center in Southwest Virginia.
The Virginia Department of Historic Resources will forward documentation for the newly listed sites to the National Park Service for consideration for inclusion in the National Register of Historic Places.
State and national register listings are honorary and do not place restrictions on private property owners. Instead, the designations are intended to encourage public understanding of Virginia’s historic places and provide property owners with the opportunity to pursue historic rehabilitation tax credits. Any tax credit projects must comply with the Secretary of the Interior’s Standards for Rehabilitation.
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