Alleghany County, Virginia Housing Market Prices
Alleghany County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 74% below the Virginia median Cheaper than 87% of counties in Virginia$66,874
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Median rent 52% below the Virginia median Cheaper than 86% of counties in Virginia$765
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Alleghany County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $66,874 | $256,082 | $248,835 |
| Price Trend (Annual %) | -10.8% | 3.5% | 7.5% |
| Median Gross Rent | $765 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alleghany County is about 74% lower than in Virginia. Rent is about 52% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Alleghany County: home prices fell about 10.8% a year while rent rose about 2.6% a year. That is an unusual pattern worth watching.
Median rent in Alleghany County rose about 29.7% between 2015 and 2024, from $590 to $765. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Alleghany County.
Buying the median-priced home in Alleghany County costs roughly 7.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Alleghany County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Alleghany County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $66,874 | $256,082 | $248,835 |
| Median Household Income | $55,586 | $93,527 | $80,455 |
| Price-to-Income Ratio | 1.2 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Alleghany County fell about 21.5%, while median household income rose about 21.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Alleghany County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.4% | 61.5% | 58.5% |
| Rental Rate | 14.3% | 29.8% | 31.2% |
| Vacancy Rate | 19.3% | 8.7% | 10.2% |
| Median Tenure (years) | 21.0 | 15.0 | 15.0 |
| Median Year Moved In | 2005 | 2011 | 2011 |
Alleghany County has a homeownership rate of 66.4%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 19.3%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Alleghany County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1965 | 1982 | 1978 |
| Median Number of Rooms | 5.5 | 6.0 | 5.5 |
The typical housing unit in Alleghany County was built around 1965. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 21.0 years on average.
Alleghany County, VA Housing Compared With Nearby Counties
How Alleghany County, VA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Alleghany County, VA | 14,859 | $66,874 #3/3 | $765 #3/3 | 82.3% #2/3 |
| Botetourt County, VA | 34,003 | $186,363 | $1,035 | 85.5% |
| Greenbrier County, WV | 32,386 | $110,000 | $867 | 73.1% |
Frequently Asked Questions
Common questions about the housing market in Alleghany County, Virginia.
What is the median home price in Alleghany County, Virginia?
The median home price in Alleghany County, Virginia is $66,874, lower than the Virginia average of $256,082.
What is the average home price in Alleghany County, Virginia?
The typical home price in Alleghany County, Virginia, reported as the median sale price, is $66,874. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Alleghany County, Virginia?
The median gross rent in Alleghany County, Virginia is $765 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Alleghany County in 2020?
In 2020, the median gross rent in Alleghany County, Virginia was $616 per month.
What is the price-to-rent ratio in Alleghany County, Virginia?
The price-to-rent ratio in Alleghany County, Virginia is about 7.3, meaning it would take roughly 7.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Alleghany County.
Are home prices or rent rising faster in Alleghany County, Virginia?
Home prices and rent are moving in opposite directions in Alleghany County: home prices fell about 10.8% a year while rent rose about 2.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Alleghany County, Virginia?
66.4% of households in Alleghany County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Alleghany County, Virginia?
The housing vacancy rate in Alleghany County, Virginia is 19.3%, higher than the Virginia average of 8.7%.
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