Washington County, Virginia Housing Market
In Washington County, Virginia, the median home value is $214,000, with a median monthly rent of $854. This places Washington County at #1259 nationally out of 3134 counties by median home value, and #88 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: $971
- Establishments: 1,521
- BLS QCEW, 2025
Housing Supply
- Single-family: 117
- Multi-family: 74
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 20,345 (avg $70,350)
- Outflow: 18,951 (avg $71,383)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Washington County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 24210 | 249.9 | -3.75% | 2025 |
| 2 | 24211 | 247.2 | -2.25% | 2025 |
| 3 | 24340 | 192.8 | +27.71% | 2022 |
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.
How Washington County Compares
| Metric | Washington County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $214,000 | $295,807 | $227,706 |
| Median Gross Rent | $854 | $1,169 | $968 |
| Owner Occupancy Rate | 75.8% | 70.8% | 73.3% |
| Price/Rent Ratio | 20.9 | 20.3 | 18.7 |
Market Analysis
The median home value in Washington County is 27.7% below the Virginia state average and 6.0% below the U.S. national average. The median rent of $854/month is 26.9% below the state average.
With a price-to-rent ratio of 20.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Washington County has an owner-occupancy rate of 75.8%, 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 |
|---|---|---|---|
| Penobscot County | Maine | $214,100 | $1,041 |
| Person County | North Carolina | $213,900 | $864 |
| Lake County | Ohio | $214,100 | $1,113 |
| Lubbock County | Texas | $214,100 | $1,178 |
| Lander County | Nevada | $213,800 | $902 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Amherst County | $212,400 | $871 | 80.8% |
| Southampton County | $216,200 | $930 | 76.1% |
| Campbell County | $211,600 | $891 | 74.9% |
| Prince Edward County | $216,600 | $931 | 58.0% |
| Appomattox County | $207,600 | $855 | 75.8% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).