Dinwiddie County, Virginia Housing Market

In Dinwiddie County, Virginia, the median home value is $257,800, with a median monthly rent of $1,224. This places Dinwiddie County at #852 nationally out of 3134 counties by median home value, and #68 within Virginia.

Median Home Value $257,800
Median Rent $1,224/mo
Owner Occupancy 79.6%
Price/Rent Ratio 17.6

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Dinwiddie County rose +4.5% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

6,795
jobs (private sector)
  • Avg weekly wage: $1,252
  • Establishments: 494
  • BLS QCEW, 2025
🏗️

Housing Supply

14
new units authorized (2025)
  • Single-family: 14
  • Multi-family: 0
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+657
net migration (filers, 2021-2022)
  • Inflow: 11,395 (avg $63,941)
  • Outflow: 10,738 (avg $64,800)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 3 active ZIP codes in Dinwiddie County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 23841 252.3 +10.86% 2025
2 23885 259.8 +2.61% 2025
3 23805 257.5 +0.53% 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.

How Dinwiddie County Compares

MetricDinwiddie CountyVirginia AverageU.S. Average
Median Home Value $257,800 $295,807 $227,706
Median Gross Rent $1,224 $1,169 $968
Owner Occupancy Rate 79.6% 70.8% 73.3%
Price/Rent Ratio 17.6 20.3 18.7

Market Analysis

The median home value in Dinwiddie County is 12.8% below the Virginia state average and 13.2% above the U.S. national average. The median rent of $1,224/month is 4.7% above the state average.

With a price-to-rent ratio of 17.6, the buy-vs-rent decision in Dinwiddie County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.

Dinwiddie County has an owner-occupancy rate of 79.6%, 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

CountyStateMedian Home ValueMedian Rent
Waldo County Maine $257,700 $1,021
Chippewa County Wisconsin $257,900 $963
Warren County Kentucky $258,000 $1,002
Phillips County Colorado $258,200 $999
Wakulla County Florida $258,300 $1,108

Other Counties in Virginia

CountyMedian Home ValueMedian RentOwner Occ.
Salem city $258,600 $1,133 62.8%
Franklin city $256,600 $988 53.9%
Staunton city $259,200 $1,024 60.9%
Newport News city $260,600 $1,339 48.2%
Rockbridge County $248,800 $925 79.3%

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).