Westmoreland County, Virginia Housing Market
In Westmoreland County, Virginia, the median home value is $269,600, with a median monthly rent of $1,018. This places Westmoreland County at #783 nationally out of 3134 counties by median home value, and #64 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: $843
- Establishments: 460
- BLS QCEW, 2025
Housing Supply
- Single-family: 202
- Multi-family: 12
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,964 (avg $72,628)
- Outflow: 7,228 (avg $72,122)
- IRS Statistics of Income
🔗 Explore Westmoreland County on Our Sister Sites
Get the complete picture for Westmoreland County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Westmoreland County Compares
| Metric | Westmoreland County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $269,600 | $295,807 | $227,706 |
| Median Gross Rent | $1,018 | $1,169 | $968 |
| Owner Occupancy Rate | 80.1% | 70.8% | 73.3% |
| Price/Rent Ratio | 22.1 | 20.3 | 18.7 |
Market Analysis
The median home value in Westmoreland County is 8.9% below the Virginia state average and 18.4% above the U.S. national average. The median rent of $1,018/month is 12.9% below the state average.
With a price-to-rent ratio of 22.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Westmoreland County has an owner-occupancy rate of 80.1%, 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 |
|---|---|---|---|
| Warren County | Iowa | $269,600 | $973 |
| DeSoto County | Mississippi | $269,600 | $1,451 |
| Gila County | Arizona | $269,400 | $1,030 |
| Brown County | Indiana | $269,100 | $895 |
| Erath County | Texas | $269,100 | $1,146 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lexington city | $275,200 | $1,081 | 53.8% |
| Newport News city | $260,600 | $1,339 | 48.2% |
| Staunton city | $259,200 | $1,024 | 60.9% |
| Salem city | $258,600 | $1,133 | 62.8% |
| Dinwiddie County | $257,800 | $1,224 | 79.6% |
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).