Botetourt County, Virginia Housing Market
In Botetourt County, Virginia, the median home value is $289,200, with a median monthly rent of $1,035. This places Botetourt County at #680 nationally out of 3134 counties by median home value, and #60 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: $1,141
- Establishments: 920
- BLS QCEW, 2025
Housing Supply
- Single-family: 127
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 14,528 (avg $89,921)
- Outflow: 13,681 (avg $90,660)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Botetourt County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 24090 | 234.4 | +7.29% | 2025 |
| 2 | 24175 | 243.4 | +2.60% | 2025 |
| 3 | 24012 | 256.7 | +5.14% | 2025 |
| 4 | 24450 | 220.6 | +8.21% | 2025 |
| 5 | 24153 | 240.5 | +2.18% | 2025 |
| 6 | 24019 | 246.7 | +3.47% | 2025 |
| 7 | 24083 | 233.2 | +5.54% | 2025 |
| 8 | 24066 | 234.4 | +2.39% | 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 Botetourt County Compares
| Metric | Botetourt County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $289,200 | $295,807 | $227,706 |
| Median Gross Rent | $1,035 | $1,169 | $968 |
| Owner Occupancy Rate | 85.5% | 70.8% | 73.3% |
| Price/Rent Ratio | 23.3 | 20.3 | 18.7 |
Market Analysis
The median home value in Botetourt County is 2.2% below the Virginia state average and 27.0% above the U.S. national average. The median rent of $1,035/month is 11.5% below the state average.
With a price-to-rent ratio of 23.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Botetourt County has an owner-occupancy rate of 85.5%, 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 |
|---|---|---|---|
| Bartow County | Georgia | $289,000 | $1,268 |
| Moffat County | Colorado | $289,500 | $1,039 |
| Georgetown County | South Carolina | $289,500 | $1,204 |
| Somervell County | Texas | $289,500 | $773 |
| Alachua County | Florida | $288,800 | $1,339 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Norfolk city | $289,900 | $1,321 | 46.3% |
| Roanoke County | $286,000 | $1,224 | 75.7% |
| Prince George County | $293,400 | $1,594 | 74.3% |
| Shenandoah County | $294,900 | $984 | 73.3% |
| Amelia County | $282,400 | $1,164 | 82.5% |
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).