Bedford County, Virginia Housing Market
In Bedford County, Virginia, the median home value is $297,400, with a median monthly rent of $952. This places Bedford County at #641 nationally out of 3134 counties by median home value, and #56 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: $970
- Establishments: 2,220
- BLS QCEW, 2025
Housing Supply
- Single-family: 337
- Multi-family: 18
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 33,201 (avg $88,598)
- Outflow: 30,985 (avg $88,455)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Bedford County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 24095 | 236.8 | -7.39% | 2025 |
| 2 | 24550 | 268.4 | +9.27% | 2025 |
| 3 | 24101 | 273.8 | +1.28% | 2025 |
| 4 | 24523 | 268.1 | +6.48% | 2025 |
| 5 | 24104 | 314.2 | +13.11% | 2025 |
| 6 | 24556 | 256.8 | +4.69% | 2025 |
| 7 | 24179 | 245.2 | +9.55% | 2025 |
| 8 | 24121 | 277.0 | +1.19% | 2025 |
| 9 | 24064 | 238.4 | +3.25% | 2025 |
| 10 | 24503 | 232.9 | +1.42% | 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 Bedford County Compares
| Metric | Bedford County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $297,400 | $295,807 | $227,706 |
| Median Gross Rent | $952 | $1,169 | $968 |
| Owner Occupancy Rate | 84.7% | 70.8% | 73.3% |
| Price/Rent Ratio | 26.0 | 20.3 | 18.7 |
Market Analysis
The median home value in Bedford County is 0.5% above the Virginia state average and 30.6% above the U.S. national average. The median rent of $952/month is 18.6% below the state average.
With a price-to-rent ratio of 26.0, Bedford County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Bedford County has an owner-occupancy rate of 84.7%, 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 |
|---|---|---|---|
| Washington County | Nebraska | $297,600 | $965 |
| Douglas County | Georgia | $296,900 | $1,570 |
| Austin County | Texas | $296,900 | $1,137 |
| Platte County | Wyoming | $297,900 | $781 |
| Cass County | North Dakota | $298,000 | $958 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Harrisonburg city | $299,100 | $1,184 | 39.5% |
| Shenandoah County | $294,900 | $984 | 73.3% |
| Prince George County | $293,400 | $1,594 | 74.3% |
| Montgomery County | $304,600 | $1,240 | 55.3% |
| Norfolk city | $289,900 | $1,321 | 46.3% |
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).