Staunton city, Virginia Housing Market
In Staunton city, Virginia, the median home value is $259,200, with a median monthly rent of $1,024. This places Staunton city at #841 nationally out of 3134 counties by median home value, and #66 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: $871
- Establishments: 827
- BLS QCEW, 2025
Housing Supply
- Single-family: 73
- Multi-family: 74
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 11,019 (avg $69,083)
- Outflow: 10,185 (avg $69,037)
- IRS Statistics of Income
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| Metric | Staunton city | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $259,200 | $295,807 | $227,706 |
| Median Gross Rent | $1,024 | $1,169 | $968 |
| Owner Occupancy Rate | 60.9% | 70.8% | 73.3% |
| Price/Rent Ratio | 21.1 | 20.3 | 18.7 |
Market Analysis
The median home value in Staunton city is 12.4% below the Virginia state average and 13.8% above the U.S. national average. The median rent of $1,024/month is 12.4% below the state average.
With a price-to-rent ratio of 21.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Staunton city has an owner-occupancy rate of 60.9%, 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 |
|---|---|---|---|
| Winneshiek County | Iowa | $259,200 | $861 |
| Clinton County | Michigan | $259,500 | $1,092 |
| Story County | Iowa | $258,700 | $1,018 |
| Meagher County | Montana | $259,800 | $1,263 |
| Salem city | Virginia | $258,600 | $1,133 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Salem city | $258,600 | $1,133 | 62.8% |
| Dinwiddie County | $257,800 | $1,224 | 79.6% |
| Newport News city | $260,600 | $1,339 | 48.2% |
| Franklin city | $256,600 | $988 | 53.9% |
| Rockbridge County | $248,800 | $925 | 79.3% |
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).