Amherst County, Virginia Housing Market
In Amherst County, Virginia, the median home value is $212,400, with a median monthly rent of $871. This places Amherst County at #1273 nationally out of 3134 counties by median home value, and #89 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: $946
- Establishments: 724
- BLS QCEW, 2025
Housing Supply
- Single-family: 112
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,487 (avg $61,303)
- Outflow: 11,897 (avg $61,098)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Amherst County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 24521 | 211.8 | -5.62% | 2025 |
| 2 | 24572 | 237.6 | -2.65% | 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 Amherst County Compares
| Metric | Amherst County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $212,400 | $295,807 | $227,706 |
| Median Gross Rent | $871 | $1,169 | $968 |
| Owner Occupancy Rate | 80.8% | 70.8% | 73.3% |
| Price/Rent Ratio | 20.3 | 20.3 | 18.7 |
Market Analysis
The median home value in Amherst County is 28.2% below the Virginia state average and 6.7% below the U.S. national average. The median rent of $871/month is 25.5% below the state average.
With a price-to-rent ratio of 20.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Amherst County has an owner-occupancy rate of 80.8%, 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 |
|---|---|---|---|
| Shelby County | Indiana | $212,400 | $987 |
| Boone County | Iowa | $212,400 | $845 |
| Bradford County | Florida | $212,500 | $863 |
| Saguache County | Colorado | $212,600 | $828 |
| Harrison County | Mississippi | $212,200 | $1,115 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Campbell County | $211,600 | $891 | 74.9% |
| Washington County | $214,000 | $854 | 75.8% |
| Southampton County | $216,200 | $930 | 76.1% |
| Prince Edward County | $216,600 | $931 | 58.0% |
| Appomattox County | $207,600 | $855 | 75.8% |
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).