Lunenburg County, Virginia Housing Market
In Lunenburg County, Virginia, the median home value is $150,100, with a median monthly rent of $742. This places Lunenburg County at #2243 nationally out of 3134 counties by median home value, and #115 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: $902
- Establishments: 318
- BLS QCEW, 2025
Housing Supply
- Single-family: 27
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,235 (avg $68,878)
- Outflow: 3,962 (avg $70,093)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Lunenburg County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 23970 | 206.5 | -0.99% | 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 Lunenburg County Compares
| Metric | Lunenburg County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $150,100 | $295,807 | $227,706 |
| Median Gross Rent | $742 | $1,169 | $968 |
| Owner Occupancy Rate | 71.5% | 70.8% | 73.3% |
| Price/Rent Ratio | 16.9 | 20.3 | 18.7 |
Market Analysis
The median home value in Lunenburg County is 49.3% below the Virginia state average and 34.1% below the U.S. national average. The median rent of $742/month is 36.5% below the state average.
With a price-to-rent ratio of 16.9, the buy-vs-rent decision in Lunenburg County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Lunenburg County has an owner-occupancy rate of 71.5%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more renter-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 |
| Grayson County | Virginia | $150,100 | $765 |
| 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. |
|---|---|---|---|
| Grayson County | $150,100 | $765 | 80.4% |
| 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).