Rockbridge County, Virginia Housing Market
In Rockbridge County, Virginia, the median home value is $248,800, with a median monthly rent of $925. This places Rockbridge County at #901 nationally out of 3134 counties by median home value, and #70 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: $877
- Establishments: 551
- BLS QCEW, 2025
Housing Supply
- Single-family: 87
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 9,160 (avg $77,570)
- Outflow: 8,503 (avg $77,069)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Rockbridge County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 24416 | 214.7 | -9.82% | 2025 |
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 Rockbridge County Compares
| Metric | Rockbridge County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $248,800 | $295,807 | $227,706 |
| Median Gross Rent | $925 | $1,169 | $968 |
| Owner Occupancy Rate | 79.3% | 70.8% | 73.3% |
| Price/Rent Ratio | 22.4 | 20.3 | 18.7 |
Market Analysis
The median home value in Rockbridge County is 15.9% below the Virginia state average and 9.3% above the U.S. national average. The median rent of $925/month is 20.9% below the state average.
With a price-to-rent ratio of 22.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Rockbridge County has an owner-occupancy rate of 79.3%, 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 |
|---|---|---|---|
| East Baton Rouge Parish | Louisiana | $248,800 | $1,147 |
| Tuscaloosa County | Alabama | $248,700 | $1,037 |
| Malheur County | Oregon | $248,900 | $821 |
| Meeker County | Minnesota | $249,000 | $904 |
| Stone County | Missouri | $249,000 | $896 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Portsmouth city | $246,900 | $1,300 | 57.9% |
| Colonial Heights city | $246,600 | $1,234 | 68.1% |
| Hampton city | $245,700 | $1,427 | 56.9% |
| Waynesboro city | $245,500 | $1,020 | 59.9% |
| Charles City County | $241,400 | $1,099 | 86.3% |
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).