King and Queen County, Virginia Housing Market
In King and Queen County, Virginia, the median home value is $231,600, with a median monthly rent of $1,004. This places King and Queen County at #1065 nationally out of 3134 counties by median home value, and #81 within Virginia.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,259
- Establishments: 182
- BLS QCEW, 2025
Housing Supply
- Single-family: 36
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,773 (avg $63,674)
- Outflow: 2,567 (avg $64,453)
- IRS Statistics of Income
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| Metric | King and Queen County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $231,600 | $295,807 | $227,706 |
| Median Gross Rent | $1,004 | $1,169 | $968 |
| Owner Occupancy Rate | 75.7% | 70.8% | 73.3% |
| Price/Rent Ratio | 19.2 | 20.3 | 18.7 |
Market Analysis
The median home value in King and Queen County is 21.7% below the Virginia state average and 1.7% above the U.S. national average. The median rent of $1,004/month is 14.1% below the state average.
With a price-to-rent ratio of 19.2, the buy-vs-rent decision in King and Queen County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
King and Queen County has an owner-occupancy rate of 75.7%, 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 |
|---|---|---|---|
| Oglethorpe County | Georgia | $231,600 | $913 |
| Craven County | North Carolina | $231,600 | $1,110 |
| Rock County | Wisconsin | $231,600 | $1,037 |
| Deer Lodge County | Montana | $231,700 | $696 |
| Perquimans County | North Carolina | $231,700 | $1,008 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Richmond County | $231,500 | $1,067 | 74.7% |
| Page County | $233,200 | $879 | 71.8% |
| Lynchburg city | $229,800 | $1,073 | 48.9% |
| Floyd County | $225,400 | $878 | 83.9% |
| Essex County | $238,100 | $972 | 71.7% |
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).