Alleghany County, Virginia Housing Market
In Alleghany County, Virginia, the median home value is $125,800, with a median monthly rent of $765. This places Alleghany County at #2539 nationally out of 3134 counties by median home value, and #123 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $914
- Establishments: 401
- BLS QCEW, 2025
Housing Supply
- Single-family: 13
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,051 (avg $59,224)
- Outflow: 5,770 (avg $59,515)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Alleghany County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 24422 | 248.8 | +9.81% | 2025 |
| 2 | 24426 | 213.2 | -2.24% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Alleghany County Compares
| Metric | Alleghany County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $125,800 | $295,807 | $227,706 |
| Median Gross Rent | $765 | $1,169 | $968 |
| Owner Occupancy Rate | 82.3% | 70.8% | 73.3% |
| Price/Rent Ratio | 13.7 | 20.3 | 18.7 |
Market Analysis
The median home value in Alleghany County is 57.5% below the Virginia state average and 44.8% below the U.S. national average. The median rent of $765/month is 34.6% below the state average.
With a price-to-rent ratio of 13.7, buying a home in Alleghany County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Alleghany County has an owner-occupancy rate of 82.3%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Menifee County | Kentucky | $125,800 | $675 |
| Cavalier County | North Dakota | $125,800 | $786 |
| Fayette County | Alabama | $125,900 | $667 |
| Cheyenne County | Kansas | $125,900 | $656 |
| Washington County | North Carolina | $125,900 | $743 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Russell County | $120,600 | $653 | 76.3% |
| Danville city | $119,100 | $836 | 47.8% |
| Wise County | $118,600 | $790 | 74.2% |
| Tazewell County | $118,300 | $795 | 74.4% |
| Henry County | $134,800 | $728 | 75.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).