Clarke County, Virginia Housing Market
In Clarke County, Virginia, the median home value is $550,100, with a median monthly rent of $1,371. This places Clarke County at #103 nationally out of 3134 counties by median home value, and #8 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: $1,124
- Establishments: 453
- BLS QCEW, 2025
Housing Supply
- Single-family: 17
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,659 (avg $117,380)
- Outflow: 6,072 (avg $112,457)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Clarke County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 22620 | 317.6 | — | 2025 |
| 2 | 20135 | 284.4 | +15.68% | 2025 |
| 3 | 22611 | 293.7 | +7.29% | 2025 |
| 4 | 22630 | 302.8 | +4.89% | 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 Clarke County Compares
| Metric | Clarke County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $550,100 | $295,807 | $227,706 |
| Median Gross Rent | $1,371 | $1,169 | $968 |
| Owner Occupancy Rate | 81.5% | 70.8% | 73.3% |
| Price/Rent Ratio | 33.4 | 20.3 | 18.7 |
Market Analysis
The median home value in Clarke County is 86.0% above the Virginia state average and 141.6% above the U.S. national average. The median rent of $1,371/month is 17.3% above the state average.
With a price-to-rent ratio of 33.4, Clarke 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.
Clarke County has an owner-occupancy rate of 81.5%, 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 |
|---|---|---|---|
| Forsyth County | Georgia | $550,400 | $2,090 |
| Somerset County | New Jersey | $552,100 | $2,033 |
| Multnomah County | Oregon | $552,700 | $1,646 |
| Skagit County | Washington | $545,100 | $1,536 |
| Kitsap County | Washington | $555,100 | $1,822 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Prince William County | $530,100 | $2,067 | 74.3% |
| Fauquier County | $573,700 | $1,613 | 78.8% |
| Rappahannock County | $506,400 | $1,290 | 73.4% |
| Goochland County | $500,600 | $1,614 | 84.9% |
| Albemarle County | $495,400 | $1,692 | 65.9% |
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).