Bedford County, Virginia Housing Market Prices
Bedford 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 4% below the Virginia median$246,352
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Median rent 40% below the Virginia median$952
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bedford County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $246,352 | $256,082 | $248,835 |
| Price Trend (Annual %) | 9.1% | 3.5% | 7.5% |
| Median Gross Rent | $952 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bedford County is about 4% lower than in Virginia. Rent is about 40% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bedford County, up about 9.1% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Bedford County rose about 26.3% between 2015 and 2024, from $754 to $952. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Bedford County.
Buying the median-priced home in Bedford County costs roughly 21.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bedford County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Bedford County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $246,352 | $256,082 | $248,835 |
| Median Household Income | $78,883 | $93,527 | $80,455 |
| Price-to-Income Ratio | 3.1 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bedford County rose about 72.5%, while median household income rose about 43.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bedford County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.8% | 61.5% | 58.5% |
| Rental Rate | 13.6% | 29.8% | 31.2% |
| Vacancy Rate | 11.6% | 8.7% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Bedford County has a homeownership rate of 74.8%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 11.6%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Bedford County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1982 | 1982 | 1978 |
| Median Number of Rooms | 6.4 | 6.0 | 5.5 |
The typical housing unit in Bedford County was built around 1982. On average, 2.4 people live in a home with about 6.4 rooms, staying for about 15.0 years on average.
Bedford County, VA Housing Compared With Nearby Counties
How Bedford County, VA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bedford County, VA | 81,013 | $246,352 #1/3 | $952 #2/3 | 84.6% #2/3 |
| Botetourt County, VA | 34,003 | $186,363 | $1,035 | 85.5% |
| Campbell County, VA | 55,757 | $122,177 | $892 | 75.0% |
Frequently Asked Questions
Common questions about the housing market in Bedford County, Virginia.
What is the median home price in Bedford County, Virginia?
The median home price in Bedford County, Virginia is $246,352, lower than the Virginia average of $256,082.
What is the average home price in Bedford County, Virginia?
The typical home price in Bedford County, Virginia, reported as the median sale price, is $246,352. 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 Bedford County, Virginia?
The median gross rent in Bedford County, Virginia is $952 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Bedford County in 2020?
In 2020, the median gross rent in Bedford County, Virginia was $855 per month.
What is the price-to-rent ratio in Bedford County, Virginia?
The price-to-rent ratio in Bedford County, Virginia is about 21.6, meaning it would take roughly 21.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bedford County.
Are home prices or rent rising faster in Bedford County, Virginia?
Both home prices and rent are rising in Bedford County, up about 9.1% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bedford County, Virginia?
74.8% of households in Bedford County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Bedford County, Virginia?
The housing vacancy rate in Bedford County, Virginia is 11.6%, higher than the Virginia average of 8.7%.
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