Sussex County, Virginia Housing Market
In Sussex County, Virginia, the median home value is $183,800, with a median monthly rent of $907. This places Sussex County at #1585 nationally out of 3134 counties by median home value, and #101 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: $1,000
- Establishments: 246
- BLS QCEW, 2025
Housing Supply
- Single-family: 34
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,718 (avg $50,719)
- Outflow: 3,442 (avg $51,638)
- IRS Statistics of Income
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Get the complete picture for Sussex County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Sussex County Compares
| Metric | Sussex County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $183,800 | $295,807 | $227,706 |
| Median Gross Rent | $907 | $1,169 | $968 |
| Owner Occupancy Rate | 69.7% | 70.8% | 73.3% |
| Price/Rent Ratio | 16.9 | 20.3 | 18.7 |
Market Analysis
The median home value in Sussex County is 37.9% below the Virginia state average and 19.3% below the U.S. national average. The median rent of $907/month is 22.4% below the state average.
With a price-to-rent ratio of 16.9, the buy-vs-rent decision in Sussex County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Sussex County has an owner-occupancy rate of 69.7%, 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 |
|---|---|---|---|
| Pendleton County | West Virginia | $183,800 | $770 |
| Roseau County | Minnesota | $183,700 | $880 |
| Vanderburgh County | Indiana | $184,000 | $985 |
| Lea County | New Mexico | $184,000 | $1,101 |
| Richland County | North Dakota | $183,600 | $740 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Bristol city | $184,100 | $801 | 63.6% |
| Hopewell city | $181,600 | $1,106 | 57.9% |
| Craig County | $189,000 | $713 | 83.7% |
| Petersburg city | $189,000 | $1,174 | 38.6% |
| Roanoke city | $190,500 | $996 | 52.4% |
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).