Charlotte County, Virginia Housing Market
In Charlotte County, Virginia, the median home value is $144,100, with a median monthly rent of $732. This places Charlotte County at #2314 nationally out of 3134 counties by median home value, and #117 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: $992
- Establishments: 406
- BLS QCEW, 2025
Housing Supply
- Single-family: 42
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,311 (avg $55,711)
- Outflow: 4,092 (avg $55,288)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Charlotte County Compares
| Metric | Charlotte County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $144,100 | $295,807 | $227,706 |
| Median Gross Rent | $732 | $1,169 | $968 |
| Owner Occupancy Rate | 74.7% | 70.8% | 73.3% |
| Price/Rent Ratio | 16.4 | 20.3 | 18.7 |
Market Analysis
The median home value in Charlotte County is 51.3% below the Virginia state average and 36.7% below the U.S. national average. The median rent of $732/month is 37.4% below the state average.
With a price-to-rent ratio of 16.4, the buy-vs-rent decision in Charlotte County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Charlotte County has an owner-occupancy rate of 74.7%, 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 |
|---|---|---|---|
| Lawrence County | Ohio | $144,000 | $848 |
| Schley County | Georgia | $143,900 | $816 |
| Pope County | Illinois | $143,800 | $449 |
| McCurtain County | Oklahoma | $144,500 | $700 |
| Yell County | Arkansas | $143,600 | $735 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Scott County | $143,000 | $699 | 77.0% |
| Brunswick County | $142,700 | $834 | 74.4% |
| Galax city | $141,300 | $743 | 56.3% |
| Emporia city | $148,500 | $1,037 | 38.1% |
| Smyth County | $139,600 | $731 | 71.0% |
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).