Floyd County, Virginia Housing Market
In Floyd County, Virginia, the median home value is $225,400, with a median monthly rent of $878. This places Floyd County at #1124 nationally out of 3134 counties by median home value, and #84 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: $835
- Establishments: 489
- BLS QCEW, 2025
Housing Supply
- Single-family: 71
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,227 (avg $70,554)
- Outflow: 5,787 (avg $71,039)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Floyd County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 24091 | 266.3 | +7.29% | 2025 |
| 2 | 24149 | 211.2 | — | 2025 |
| 3 | 24162 | 246.6 | -1.16% | 2025 |
| 4 | 24141 | 246.4 | +0.34% | 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 Floyd County Compares
| Metric | Floyd County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $225,400 | $295,807 | $227,706 |
| Median Gross Rent | $878 | $1,169 | $968 |
| Owner Occupancy Rate | 83.9% | 70.8% | 73.3% |
| Price/Rent Ratio | 21.4 | 20.3 | 18.7 |
Market Analysis
The median home value in Floyd County is 23.8% below the Virginia state average and 1.0% below the U.S. national average. The median rent of $878/month is 24.9% below the state average.
With a price-to-rent ratio of 21.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Floyd County has an owner-occupancy rate of 83.9%, 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 |
|---|---|---|---|
| Prince of Wales-Hyder Census Area | Alaska | $225,300 | $964 |
| Lewis County | Idaho | $225,300 | $737 |
| Itasca County | Minnesota | $225,200 | $988 |
| Anderson County | Kentucky | $225,100 | $927 |
| Macon County | Tennessee | $225,700 | $846 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lynchburg city | $229,800 | $1,073 | 48.9% |
| Radford city | $220,700 | $1,033 | 42.3% |
| Richmond County | $231,500 | $1,067 | 74.7% |
| King and Queen County | $231,600 | $1,004 | 75.7% |
| Page County | $233,200 | $879 | 71.8% |
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).