Gloucester County, Virginia Housing Market
In Gloucester County, Virginia, the median home value is $331,000, with a median monthly rent of $1,096. This places Gloucester County at #486 nationally out of 3134 counties by median home value, and #44 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: $894
- Establishments: 1,036
- BLS QCEW, 2025
Housing Supply
- Single-family: 122
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 16,726 (avg $77,910)
- Outflow: 15,477 (avg $78,304)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Gloucester County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 23061 | 294.9 | +7.60% | 2025 |
| 2 | 23062 | 276.6 | -1.35% | 2025 |
| 3 | 23072 | 260.1 | +4.76% | 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 Gloucester County Compares
| Metric | Gloucester County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $331,000 | $295,807 | $227,706 |
| Median Gross Rent | $1,096 | $1,169 | $968 |
| Owner Occupancy Rate | 80.4% | 70.8% | 73.3% |
| Price/Rent Ratio | 25.2 | 20.3 | 18.7 |
Market Analysis
The median home value in Gloucester County is 11.9% above the Virginia state average and 45.4% above the U.S. national average. The median rent of $1,096/month is 6.2% below the state average.
With a price-to-rent ratio of 25.2, Gloucester 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.
Gloucester County has an owner-occupancy rate of 80.4%, 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 |
|---|---|---|---|
| Billings County | North Dakota | $331,000 | $621 |
| Kent County | Maryland | $330,900 | $1,209 |
| Geauga County | Ohio | $331,100 | $1,083 |
| Montezuma County | Colorado | $331,400 | $942 |
| Olmsted County | Minnesota | $331,700 | $1,370 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lancaster County | $327,000 | $1,033 | 81.5% |
| Nelson County | $321,700 | $946 | 79.7% |
| Winchester city | $343,000 | $1,315 | 43.6% |
| Greene County | $343,300 | $1,309 | 83.4% |
| Northampton County | $316,200 | $829 | 66.1% |
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).