Surry County, Virginia Housing Market
In Surry County, Virginia, the median home value is $238,800, with a median monthly rent of $983. This places Surry County at #1000 nationally out of 3134 counties by median home value, and #78 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: $2,406
- Establishments: 118
- BLS QCEW, 2025
Housing Supply
- Single-family: 35
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,711 (avg $66,533)
- Outflow: 2,525 (avg $67,350)
- IRS Statistics of Income
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| Metric | Surry County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $238,800 | $295,807 | $227,706 |
| Median Gross Rent | $983 | $1,169 | $968 |
| Owner Occupancy Rate | 79.5% | 70.8% | 73.3% |
| Price/Rent Ratio | 20.2 | 20.3 | 18.7 |
Market Analysis
The median home value in Surry County is 19.3% below the Virginia state average and 4.9% above the U.S. national average. The median rent of $983/month is 15.9% below the state average.
With a price-to-rent ratio of 20.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Surry County has an owner-occupancy rate of 79.5%, 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 |
|---|---|---|---|
| Randall County | Texas | $238,800 | $1,170 |
| Lapeer County | Michigan | $239,000 | $988 |
| Houston County | Minnesota | $239,000 | $879 |
| Alamosa County | Colorado | $239,100 | $907 |
| Rowan County | North Carolina | $238,400 | $1,013 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Cumberland County | $239,300 | $877 | 75.9% |
| Essex County | $238,100 | $972 | 71.7% |
| Franklin County | $240,400 | $829 | 78.5% |
| Charles City County | $241,400 | $1,099 | 86.3% |
| Page County | $233,200 | $879 | 71.8% |
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).