Nelson County, Virginia Housing Market
In Nelson County, Virginia, the median home value is $321,700, with a median monthly rent of $946. This places Nelson County at #522 nationally out of 3134 counties by median home value, and #46 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: $943
- Establishments: 500
- BLS QCEW, 2025
Housing Supply
- Single-family: 62
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,556 (avg $96,000)
- Outflow: 6,164 (avg $93,272)
- IRS Statistics of Income
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| Metric | Nelson County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $321,700 | $295,807 | $227,706 |
| Median Gross Rent | $946 | $1,169 | $968 |
| Owner Occupancy Rate | 79.7% | 70.8% | 73.3% |
| Price/Rent Ratio | 28.3 | 20.3 | 18.7 |
Market Analysis
The median home value in Nelson County is 8.8% above the Virginia state average and 41.3% above the U.S. national average. The median rent of $946/month is 19.1% below the state average.
With a price-to-rent ratio of 28.3, Nelson 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.
Nelson County has an owner-occupancy rate of 79.7%, 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 |
|---|---|---|---|
| Douglas County | Minnesota | $321,400 | $927 |
| Iredell County | North Carolina | $321,400 | $1,252 |
| Wilson County | Texas | $321,300 | $1,069 |
| Kerr County | Texas | $321,200 | $1,109 |
| Kendall County | Illinois | $322,400 | $1,781 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lancaster County | $327,000 | $1,033 | 81.5% |
| Northampton County | $316,200 | $829 | 66.1% |
| King William County | $315,700 | $1,166 | 88.9% |
| Louisa County | $315,300 | $1,220 | 82.2% |
| Fluvanna County | $314,100 | $1,204 | 88.7% |
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).