Rockingham County, Virginia Housing Market
In Rockingham County, Virginia, the median home value is $313,000, with a median monthly rent of $1,160. This places Rockingham County at #563 nationally out of 3134 counties by median home value, and #51 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: $1,169
- Establishments: 2,005
- BLS QCEW, 2025
Housing Supply
- Single-family: 504
- Multi-family: 181
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 34,970 (avg $80,432)
- Outflow: 33,171 (avg $80,781)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Rockingham County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 22844 | 279.5 | +7.10% | 2025 |
| 2 | 22840 | 265.9 | +19.86% | 2025 |
| 3 | 22815 | 241.5 | -1.96% | 2025 |
| 4 | 22821 | 257.3 | +3.05% | 2025 |
| 5 | 22853 | 276.0 | +14.38% | 2025 |
| 6 | 22802 | 273.5 | +7.64% | 2025 |
| 7 | 22801 | 240.8 | +2.17% | 2025 |
| 8 | 22846 | 226.1 | -0.67% | 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.
🔗 Explore Rockingham County on Our Sister Sites
Get the complete picture for Rockingham County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Rockingham County Compares
| Metric | Rockingham County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $313,000 | $295,807 | $227,706 |
| Median Gross Rent | $1,160 | $1,169 | $968 |
| Owner Occupancy Rate | 75.3% | 70.8% | 73.3% |
| Price/Rent Ratio | 22.5 | 20.3 | 18.7 |
Market Analysis
The median home value in Rockingham County is 5.8% above the Virginia state average and 37.5% above the U.S. national average. The median rent of $1,160/month is 0.8% below the state average.
With a price-to-rent ratio of 22.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Rockingham County has an owner-occupancy rate of 75.3%, 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 |
|---|---|---|---|
| Volusia County | Florida | $313,000 | $1,467 |
| Hamilton County | Tennessee | $312,800 | $1,253 |
| Midland County | Texas | $312,700 | $1,407 |
| Clay County | Florida | $312,500 | $1,551 |
| Sandoval County | New Mexico | $313,800 | $1,427 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Fluvanna County | $314,100 | $1,204 | 88.7% |
| Louisa County | $315,300 | $1,220 | 82.2% |
| King William County | $315,700 | $1,166 | 88.9% |
| Northampton County | $316,200 | $829 | 66.1% |
| Caroline County | $307,700 | $1,293 | 82.3% |
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).