Warren County, Virginia Housing Market
In Warren County, Virginia, the median home value is $348,400, with a median monthly rent of $1,199. This places Warren County at #426 nationally out of 3134 counties by median home value, and #39 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: $1,025
- Establishments: 1,098
- BLS QCEW, 2025
Housing Supply
- Single-family: 157
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 17,323 (avg $80,101)
- Outflow: 16,124 (avg $80,525)
- IRS Statistics of Income
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| Metric | Warren County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $348,400 | $295,807 | $227,706 |
| Median Gross Rent | $1,199 | $1,169 | $968 |
| Owner Occupancy Rate | 75.9% | 70.8% | 73.3% |
| Price/Rent Ratio | 24.2 | 20.3 | 18.7 |
Market Analysis
The median home value in Warren County is 17.8% above the Virginia state average and 53.0% above the U.S. national average. The median rent of $1,199/month is 2.6% above the state average.
With a price-to-rent ratio of 24.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Warren County has an owner-occupancy rate of 75.9%, 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 |
|---|---|---|---|
| Lincoln County | South Dakota | $348,300 | $1,260 |
| Saratoga County | New York | $348,600 | $1,394 |
| Ellis County | Texas | $348,600 | $1,594 |
| Inyo County | California | $348,700 | $1,189 |
| Laramie County | Wyoming | $348,700 | $1,160 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Suffolk city | $347,400 | $1,563 | 70.7% |
| Northumberland County | $346,800 | $1,038 | 86.1% |
| Middlesex County | $352,200 | $1,059 | 87.4% |
| Richmond city | $353,000 | $1,372 | 43.5% |
| Greene County | $343,300 | $1,309 | 83.4% |
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).