Bland County, Virginia Housing Market Prices
Bland 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 27% below the Virginia median$186,250
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Median rent 59% below the Virginia median Cheapest county in Virginia$643
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bland County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,250 | $256,082 | $248,835 |
| Price Trend (Annual %) | 7.9% | 3.5% | 7.5% |
| Median Gross Rent | $643 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 1.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bland County is about 27% lower than in Virginia. Rent is about 59% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bland County, up about 7.9% and 1.5% a year respectively. Home prices are changing faster.
Median rent in Bland County rose about 11.0% between 2015 and 2024, from $579 to $643. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Bland County.
Buying the median-priced home in Bland County costs roughly 24.2 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 Bland County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Bland County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,250 | $256,082 | $248,835 |
| Median Household Income | $62,492 | $93,527 | $80,455 |
| Price-to-Income Ratio | 3.0 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bland County rose about 76.0%, while median household income rose about 39.1% 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 | Bland County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.0% | 61.5% | 58.5% |
| Rental Rate | 10.0% | 29.8% | 31.2% |
| Vacancy Rate | 26.0% | 8.7% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Bland County has a homeownership rate of 64.0%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 26.0%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Bland County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1972 | 1982 | 1978 |
| Median Number of Rooms | 5.3 | 6.0 | 5.5 |
The typical housing unit in Bland County was built around 1972. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Bland County, VA Housing Compared With Nearby Counties
Bland County, VA is the smallest of the 5 counties compared here, 6,196 residents against a local median of 36,650. Where Bland County, VA breaks from the counties next to it is median home price, sitting 47% above the local median of $126,322 at $186,250.
Median rent tells the same story from another angle: $643 against a local median of $802, 20% below it. The one measure here that carries a verdict is homeownership, and at 17% above the local median it puts Bland County, VA at the better end of the local range. The counties themselves spread $116,745 on median home price, so Bland County, VA sits at one end of an already wide local range rather than apart from it. Bland County, VA has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bland County, VA | 6,196 | $186,250 #1/5 | $643 #5/5 | 86.5% #1/5 |
| Wythe County, VA | 28,184 | $130,514 | $764 | 77.0% |
| Mercer County, WV | 58,563 | $67,631 | $810 | 72.9% |
| Pulaski County, VA | 33,685 | $122,130 | $813 | 73.4% |
| Tazewell County, VA | 39,616 | $184,376 | $794 | 74.4% |
Frequently Asked Questions
Common questions about the housing market in Bland County, Virginia.
What is the median home price in Bland County, Virginia?
The median home price in Bland County, Virginia is $186,250, lower than the Virginia average of $256,082.
What is the average home price in Bland County, Virginia?
The typical home price in Bland County, Virginia, reported as the median sale price, is $186,250. 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 Bland County, Virginia?
The median gross rent in Bland County, Virginia is $643 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Bland County in 2020?
In 2020, the median gross rent in Bland County, Virginia was $613 per month.
What is the price-to-rent ratio in Bland County, Virginia?
The price-to-rent ratio in Bland County, Virginia is about 24.2, meaning it would take roughly 24.2 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 Bland County.
Are home prices or rent rising faster in Bland County, Virginia?
Both home prices and rent are rising in Bland County, up about 7.9% and 1.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bland County, Virginia?
64.0% of households in Bland County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Bland County, Virginia?
The housing vacancy rate in Bland County, Virginia is 26.0%, higher than the Virginia average of 8.7%.
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