Buckingham County, Virginia Housing Market
In Buckingham County, Virginia, the median home value is $173,400, with a median monthly rent of $927. This places Buckingham County at #1731 nationally out of 3134 counties by median home value, and #103 within Virginia.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $977
- Establishments: 446
- BLS QCEW, 2025
Housing Supply
- Single-family: 86
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,739 (avg $54,367)
- Outflow: 5,397 (avg $55,015)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Buckingham County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 23901 | 235.9 | +6.28% | 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 Buckingham County Compares
| Metric | Buckingham County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $173,400 | $295,807 | $227,706 |
| Median Gross Rent | $927 | $1,169 | $968 |
| Owner Occupancy Rate | 77.3% | 70.8% | 73.3% |
| Price/Rent Ratio | 15.6 | 20.3 | 18.7 |
Market Analysis
The median home value in Buckingham County is 41.4% below the Virginia state average and 23.8% below the U.S. national average. The median rent of $927/month is 20.7% below the state average.
With a price-to-rent ratio of 15.6, the buy-vs-rent decision in Buckingham County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Buckingham County has an owner-occupancy rate of 77.3%, 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 |
|---|---|---|---|
| Lewis County | Tennessee | $173,400 | $708 |
| Orange County | Texas | $173,400 | $1,100 |
| Union County | Indiana | $173,500 | $760 |
| Newberry County | South Carolina | $173,300 | $872 |
| Linn County | Kansas | $173,600 | $691 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Wythe County | $171,200 | $764 | 77.0% |
| Nottoway County | $167,500 | $972 | 66.6% |
| Hopewell city | $181,600 | $1,106 | 57.9% |
| Sussex County | $183,800 | $907 | 69.7% |
| Bristol city | $184,100 | $801 | 63.6% |
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).