Prince Edward County, Virginia Housing Market
In Prince Edward County, Virginia, the median home value is $216,600, with a median monthly rent of $931. This places Prince Edward County at #1230 nationally out of 3134 counties by median home value, and #86 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: $930
- Establishments: 670
- BLS QCEW, 2025
Housing Supply
- Single-family: 27
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,943 (avg $62,018)
- Outflow: 6,467 (avg $62,170)
- IRS Statistics of Income
🔗 Explore Prince Edward County on Our Sister Sites
Get the complete picture for Prince Edward County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Prince Edward County Compares
| Metric | Prince Edward County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $216,600 | $295,807 | $227,706 |
| Median Gross Rent | $931 | $1,169 | $968 |
| Owner Occupancy Rate | 58.0% | 70.8% | 73.3% |
| Price/Rent Ratio | 19.4 | 20.3 | 18.7 |
Market Analysis
The median home value in Prince Edward County is 26.8% below the Virginia state average and 4.9% below the U.S. national average. The median rent of $931/month is 20.4% below the state average.
With a price-to-rent ratio of 19.4, the buy-vs-rent decision in Prince Edward County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Prince Edward County has an owner-occupancy rate of 58.0%, 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 |
|---|---|---|---|
| Franklin County | Kentucky | $216,600 | $967 |
| Barron County | Wisconsin | $216,600 | $879 |
| Lamar County | Georgia | $216,500 | $878 |
| Marquette County | Michigan | $216,500 | $949 |
| Lafayette County | Missouri | $216,500 | $928 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Southampton County | $216,200 | $930 | 76.1% |
| Washington County | $214,000 | $854 | 75.8% |
| Radford city | $220,700 | $1,033 | 42.3% |
| Amherst County | $212,400 | $871 | 80.8% |
| Campbell County | $211,600 | $891 | 74.9% |
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).