Emporia city, Virginia Housing Market
In Emporia city, Virginia, the median home value is $148,500, with a median monthly rent of $1,037. This places Emporia city at #2264 nationally out of 3134 counties by median home value, and #116 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: $790
- Establishments: 237
- BLS QCEW, 2025
Housing Supply
- Single-family: 4
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,027 (avg $42,444)
- Outflow: 1,903 (avg $43,214)
- IRS Statistics of Income
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| Metric | Emporia city | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $148,500 | $295,807 | $227,706 |
| Median Gross Rent | $1,037 | $1,169 | $968 |
| Owner Occupancy Rate | 38.1% | 70.8% | 73.3% |
| Price/Rent Ratio | 11.9 | 20.3 | 18.7 |
Market Analysis
The median home value in Emporia city is 49.8% below the Virginia state average and 34.8% below the U.S. national average. The median rent of $1,037/month is 11.3% below the state average.
With a price-to-rent ratio of 11.9, buying a home in Emporia 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.
Emporia city has an owner-occupancy rate of 38.1%, 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 |
|---|---|---|---|
| Vigo County | Indiana | $148,500 | $924 |
| McLean County | Kentucky | $148,500 | $641 |
| Tama County | Iowa | $148,600 | $872 |
| Anson County | North Carolina | $148,600 | $814 |
| Kossuth County | Iowa | $148,300 | $859 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Grayson County | $150,100 | $765 | 80.4% |
| Lunenburg County | $150,100 | $742 | 71.5% |
| Giles County | $151,100 | $789 | 78.9% |
| Bland County | $152,100 | $644 | 86.5% |
| Charlotte County | $144,100 | $732 | 74.7% |
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).