Buena Vista city, Virginia Housing Market
In Buena Vista city, Virginia, the median home value is $156,200, with a median monthly rent of $1,112. This places Buena Vista city at #2114 nationally out of 3134 counties by median home value, and #109 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: $1,126
- Establishments: 153
- BLS QCEW, 2025
Housing Supply
- Single-family: 13
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,364 (avg $49,297)
- Outflow: 2,144 (avg $47,706)
- IRS Statistics of Income
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| Metric | Buena Vista city | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $156,200 | $295,807 | $227,706 |
| Median Gross Rent | $1,112 | $1,169 | $968 |
| Owner Occupancy Rate | 56.5% | 70.8% | 73.3% |
| Price/Rent Ratio | 11.7 | 20.3 | 18.7 |
Market Analysis
The median home value in Buena Vista city is 47.2% below the Virginia state average and 31.4% below the U.S. national average. The median rent of $1,112/month is 4.9% below the state average.
With a price-to-rent ratio of 11.7, buying a home in Buena Vista city 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.
Buena Vista city has an owner-occupancy rate of 56.5%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Ringgold County | Iowa | $156,200 | $710 |
| Mineral County | Nevada | $156,200 | $905 |
| Monroe County | Iowa | $156,300 | $798 |
| Chippewa County | Minnesota | $156,100 | $869 |
| Monroe County | West Virginia | $156,300 | $690 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Carroll County | $156,500 | $738 | 77.1% |
| Halifax County | $155,700 | $790 | 74.6% |
| Patrick County | $153,400 | $716 | 76.9% |
| Greensville County | $159,400 | $969 | 66.3% |
| Bland County | $152,100 | $644 | 86.5% |
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).