Craig County, Virginia Housing Market
In Craig County, Virginia, the median home value is $189,000, with a median monthly rent of $713. This places Craig County at #1530 nationally out of 3134 counties by median home value, and #98 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: $1,121
- Establishments: 125
- BLS QCEW, 2025
Housing Supply
- Single-family: 19
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,975 (avg $63,515)
- Outflow: 1,901 (avg $64,160)
- IRS Statistics of Income
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| Metric | Craig County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $189,000 | $295,807 | $227,706 |
| Median Gross Rent | $713 | $1,169 | $968 |
| Owner Occupancy Rate | 83.7% | 70.8% | 73.3% |
| Price/Rent Ratio | 22.1 | 20.3 | 18.7 |
Market Analysis
The median home value in Craig County is 36.1% below the Virginia state average and 17.0% below the U.S. national average. The median rent of $713/month is 39.0% below the state average.
With a price-to-rent ratio of 22.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Craig County has an owner-occupancy rate of 83.7%, 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 |
|---|---|---|---|
| Petersburg city | Virginia | $189,000 | $1,174 |
| Boone County | Arkansas | $188,900 | $733 |
| Black Hawk County | Iowa | $188,900 | $989 |
| Kalkaska County | Michigan | $188,900 | $853 |
| Coos County | New Hampshire | $188,900 | $876 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Petersburg city | $189,000 | $1,174 | 38.6% |
| Roanoke city | $190,500 | $996 | 52.4% |
| Pulaski County | $191,700 | $813 | 73.4% |
| Mecklenburg County | $192,600 | $823 | 68.3% |
| 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).