Botetourt County, Virginia Housing Market Prices
Botetourt 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$186,363
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Median rent 34% below the Virginia median$1,035
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Botetourt County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,363 | $256,082 | $248,835 |
| Price Trend (Annual %) | -6.3% | 3.5% | 7.5% |
| Median Gross Rent | $1,035 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Botetourt County is about 27% lower than in Virginia. Rent is about 34% 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 Botetourt County: home prices fell about 6.3% a year while rent rose about 2.4% a year. That is an unusual pattern worth watching.
Median rent in Botetourt County rose about 24.6% between 2015 and 2024, from $831 to $1,035. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Botetourt County.
Buying the median-priced home in Botetourt County costs roughly 15.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Botetourt County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Botetourt County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,363 | $256,082 | $248,835 |
| Median Household Income | $81,753 | $93,527 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Botetourt County fell about 44.1%, while median household income rose about 34.5% 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 | Botetourt County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.0% | 61.5% | 58.5% |
| Rental Rate | 12.7% | 29.8% | 31.2% |
| Vacancy Rate | 12.3% | 8.7% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Botetourt County has a homeownership rate of 75.0%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 12.3%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Botetourt County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1980 | 1982 | 1978 |
| Median Number of Rooms | 6.4 | 6.0 | 5.5 |
The typical housing unit in Botetourt County was built around 1980. On average, 2.5 people live in a home with about 6.4 rooms, staying for about 17.0 years on average.
Botetourt County, VA Housing Compared With Nearby Counties
How Botetourt County, VA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Botetourt County, VA | 34,003 | $186,363 #2/3 | $1,035 #1/3 | 85.5% #1/3 |
| Alleghany County, VA | 14,859 | $66,874 | $765 | 82.3% |
| Bedford County, VA | 81,013 | $246,352 | $952 | 84.6% |
Frequently Asked Questions
Common questions about the housing market in Botetourt County, Virginia.
What is the median home price in Botetourt County, Virginia?
The median home price in Botetourt County, Virginia is $186,363, lower than the Virginia average of $256,082.
What is the average home price in Botetourt County, Virginia?
The typical home price in Botetourt County, Virginia, reported as the median sale price, is $186,363. 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 Botetourt County, Virginia?
The median gross rent in Botetourt County, Virginia is $1,035 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Botetourt County in 2020?
In 2020, the median gross rent in Botetourt County, Virginia was $807 per month.
What is the price-to-rent ratio in Botetourt County, Virginia?
The price-to-rent ratio in Botetourt County, Virginia is about 15.0, meaning it would take roughly 15.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Botetourt County.
Are home prices or rent rising faster in Botetourt County, Virginia?
Home prices and rent are moving in opposite directions in Botetourt County: home prices fell about 6.3% a year while rent rose about 2.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Botetourt County, Virginia?
75.0% of households in Botetourt County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Botetourt County, Virginia?
The housing vacancy rate in Botetourt County, Virginia is 12.3%, higher than the Virginia average of 8.7%.
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