Mecklenburg County, Virginia Housing Market
In Mecklenburg County, Virginia, the median home value is $192,600, with a median monthly rent of $823. This places Mecklenburg County at #1487 nationally out of 3134 counties by median home value, and #95 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: $1,043
- Establishments: 990
- BLS QCEW, 2025
Housing Supply
- Single-family: 166
- Multi-family: 8
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,430 (avg $64,161)
- Outflow: 11,406 (avg $63,276)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Mecklenburg County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 23927 | 291.7 | +4.74% | 2025 |
| 2 | 23917 | 237.0 | +23.84% | 2022 |
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 Mecklenburg County Compares
| Metric | Mecklenburg County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $192,600 | $295,807 | $227,706 |
| Median Gross Rent | $823 | $1,169 | $968 |
| Owner Occupancy Rate | 68.3% | 70.8% | 73.3% |
| Price/Rent Ratio | 19.5 | 20.3 | 18.7 |
Market Analysis
The median home value in Mecklenburg County is 34.9% below the Virginia state average and 15.4% below the U.S. national average. The median rent of $823/month is 29.6% below the state average.
With a price-to-rent ratio of 19.5, the buy-vs-rent decision in Mecklenburg County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Mecklenburg County has an owner-occupancy rate of 68.3%, 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 |
|---|---|---|---|
| Kankakee County | Illinois | $192,600 | $1,097 |
| Miller County | Missouri | $192,600 | $763 |
| Cheboygan County | Michigan | $192,500 | $773 |
| Schoharie County | New York | $192,500 | $909 |
| Beaufort County | North Carolina | $192,700 | $871 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Pulaski County | $191,700 | $813 | 73.4% |
| Roanoke city | $190,500 | $996 | 52.4% |
| Craig County | $189,000 | $713 | 83.7% |
| Petersburg city | $189,000 | $1,174 | 38.6% |
| Highland County | $200,000 | $856 | 88.9% |
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).