Nottoway County, Virginia Housing Market
In Nottoway County, Virginia, the median home value is $167,500, with a median monthly rent of $972. This places Nottoway County at #1857 nationally out of 3134 counties by median home value, and #105 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: $935
- Establishments: 427
- BLS QCEW, 2025
Housing Supply
- Single-family: 38
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,192 (avg $54,312)
- Outflow: 4,917 (avg $55,032)
- IRS Statistics of Income
🔗 Explore Nottoway County on Our Sister Sites
Get the complete picture for Nottoway County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Nottoway County Compares
| Metric | Nottoway County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $167,500 | $295,807 | $227,706 |
| Median Gross Rent | $972 | $1,169 | $968 |
| Owner Occupancy Rate | 66.6% | 70.8% | 73.3% |
| Price/Rent Ratio | 14.4 | 20.3 | 18.7 |
Market Analysis
The median home value in Nottoway County is 43.4% below the Virginia state average and 26.4% below the U.S. national average. The median rent of $972/month is 16.9% below the state average.
With a price-to-rent ratio of 14.4, buying a home in Nottoway County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Nottoway County has an owner-occupancy rate of 66.6%, 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 |
|---|---|---|---|
| Tazewell County | Illinois | $167,500 | $909 |
| Dent County | Missouri | $167,500 | $660 |
| Foster County | North Dakota | $167,500 | $780 |
| Divide County | North Dakota | $167,600 | $1,105 |
| Sheridan County | Kansas | $167,200 | $689 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Wythe County | $171,200 | $764 | 77.0% |
| Buckingham County | $173,400 | $927 | 77.3% |
| Pittsylvania County | $161,400 | $861 | 78.7% |
| Greensville County | $159,400 | $969 | 66.3% |
| Carroll County | $156,500 | $738 | 77.1% |
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).