Powhatan County, Virginia Housing Market
In Powhatan County, Virginia, the median home value is $416,000, with a median monthly rent of $1,168. This places Powhatan County at #256 nationally out of 3134 counties by median home value, and #21 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: $1,072
- Establishments: 867
- BLS QCEW, 2025
Housing Supply
- Single-family: 127
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,598 (avg $115,410)
- Outflow: 11,900 (avg $113,788)
- IRS Statistics of Income
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| Metric | Powhatan County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $416,000 | $295,807 | $227,706 |
| Median Gross Rent | $1,168 | $1,169 | $968 |
| Owner Occupancy Rate | 93.2% | 70.8% | 73.3% |
| Price/Rent Ratio | 29.7 | 20.3 | 18.7 |
Market Analysis
The median home value in Powhatan County is 40.6% above the Virginia state average and 82.7% above the U.S. national average. The median rent of $1,168/month is about equal to the state average.
With a price-to-rent ratio of 29.7, Powhatan 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.
Powhatan County has an owner-occupancy rate of 93.2%, 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 |
|---|---|---|---|
| Marion County | Oregon | $416,400 | $1,414 |
| Rockwall County | Texas | $415,500 | $1,992 |
| Madison County | Idaho | $414,800 | $1,014 |
| Union County | North Carolina | $417,300 | $1,496 |
| Broward County | Florida | $414,600 | $1,907 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Culpeper County | $409,200 | $1,423 | 75.0% |
| Spotsylvania County | $404,900 | $1,779 | 80.1% |
| Williamsburg city | $428,100 | $1,407 | 53.2% |
| King George County | $428,300 | $1,428 | 76.2% |
| Hanover County | $400,400 | $1,591 | 82.1% |
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).