Grayson County, Virginia Housing Market
In Grayson County, Virginia, the median home value is $150,100, with a median monthly rent of $765. This places Grayson County at #2242 nationally out of 3134 counties by median home value, and #114 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: $711
- Establishments: 317
- BLS QCEW, 2025
Housing Supply
- Single-family: 33
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,756 (avg $51,011)
- Outflow: 5,349 (avg $48,861)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Grayson County Compares
| Metric | Grayson County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $150,100 | $295,807 | $227,706 |
| Median Gross Rent | $765 | $1,169 | $968 |
| Owner Occupancy Rate | 80.4% | 70.8% | 73.3% |
| Price/Rent Ratio | 16.4 | 20.3 | 18.7 |
Market Analysis
The median home value in Grayson County is 49.3% below the Virginia state average and 34.1% below the U.S. national average. The median rent of $765/month is 34.6% below the state average.
With a price-to-rent ratio of 16.4, the buy-vs-rent decision in Grayson County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Grayson 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 |
|---|---|---|---|
| Louisa County | Iowa | $150,100 | $775 |
| Lunenburg County | Virginia | $150,100 | $742 |
| Vinton County | Ohio | $150,000 | $728 |
| Williams County | Ohio | $150,000 | $791 |
| Brown County | Illinois | $150,300 | $698 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lunenburg County | $150,100 | $742 | 71.5% |
| Giles County | $151,100 | $789 | 78.9% |
| Emporia city | $148,500 | $1,037 | 38.1% |
| Bland County | $152,100 | $644 | 86.5% |
| Patrick County | $153,400 | $716 | 76.9% |
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).