King George County, Virginia Housing Market

In King George County, Virginia, the median home value is $428,300, with a median monthly rent of $1,428. This places King George County at #232 nationally out of 3134 counties by median home value, and #19 within Virginia.

Median Home Value $428,300
Median Rent $1,428/mo
Owner Occupancy 76.2%
Price/Rent Ratio 25.0

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in King George County rose +6.3% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

6,693
jobs (private sector)
  • Avg weekly wage: $1,435
  • Establishments: 646
  • BLS QCEW, 2025
🏗️

Housing Supply

93
new units authorized (2025)
  • Single-family: 93
  • Multi-family: 0
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+1155
net migration (filers, 2021-2022)
  • Inflow: 11,272 (avg $96,790)
  • Outflow: 10,117 (avg $98,817)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 2 active ZIP codes in King George County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 22443 335.8 -3.74% 2025
2 22485 285.8 +6.29% 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.

How King George County Compares

MetricKing George CountyVirginia AverageU.S. Average
Median Home Value $428,300 $295,807 $227,706
Median Gross Rent $1,428 $1,169 $968
Owner Occupancy Rate 76.2% 70.8% 73.3%
Price/Rent Ratio 25.0 20.3 18.7

Market Analysis

The median home value in King George County is 44.8% above the Virginia state average and 88.1% above the U.S. national average. The median rent of $1,428/month is 22.2% above the state average.

With a price-to-rent ratio of 25.0, King George 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.

King George County has an owner-occupancy rate of 76.2%, 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

CountyStateMedian Home ValueMedian Rent
Charles County Maryland $428,500 $1,920
Williamsburg city Virginia $428,100 $1,407
Wilson County Tennessee $428,000 $1,486
Gem County Idaho $428,700 $1,038
Greater Bridgeport Planning Region Connecticut $428,800 $1,546

Other Counties in Virginia

CountyMedian Home ValueMedian RentOwner Occ.
Williamsburg city $428,100 $1,407 53.2%
York County $433,200 $1,827 71.6%
Powhatan County $416,000 $1,168 93.2%
James City County $447,200 $1,552 76.7%
Culpeper County $409,200 $1,423 75.0%

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).