Mathews County, Virginia Housing Market
In Mathews County, Virginia, the median home value is $360,900, with a median monthly rent of $1,032. This places Mathews County at #382 nationally out of 3134 counties by median home value, and #34 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: $820
- Establishments: 229
- BLS QCEW, 2025
Housing Supply
- Single-family: 32
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,788 (avg $91,965)
- Outflow: 3,495 (avg $89,965)
- IRS Statistics of Income
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| Metric | Mathews County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $360,900 | $295,807 | $227,706 |
| Median Gross Rent | $1,032 | $1,169 | $968 |
| Owner Occupancy Rate | 84.0% | 70.8% | 73.3% |
| Price/Rent Ratio | 29.1 | 20.3 | 18.7 |
Market Analysis
The median home value in Mathews County is 22.0% above the Virginia state average and 58.5% above the U.S. national average. The median rent of $1,032/month is 11.7% below the state average.
With a price-to-rent ratio of 29.1, Mathews 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.
Mathews County has an owner-occupancy rate of 84.0%, 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 |
|---|---|---|---|
| Addison County | Vermont | $361,200 | $1,177 |
| York County | South Carolina | $361,300 | $1,387 |
| Sherburne County | Minnesota | $361,400 | $1,127 |
| Plumas County | California | $360,200 | $1,194 |
| Owyhee County | Idaho | $359,800 | $821 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Henrico County | $359,200 | $1,541 | 64.5% |
| Orange County | $364,200 | $1,205 | 78.7% |
| Isle of Wight County | $356,500 | $1,359 | 80.1% |
| Chesterfield County | $366,000 | $1,629 | 76.7% |
| Richmond city | $353,000 | $1,372 | 43.5% |
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).