Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Brunswick County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,108 | $257,048 | $242,182 |
| Price Trend (Annual %) | 2.2% | 4.1% | 8.2% |
| Median Gross Rent | $864 | $1,514 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Brunswick County is about 87% lower than in Virginia. Rent is about 43% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Brunswick County, up about 2.2% and 3.2% a year respectively. Rent is changing faster.
Median rent in Brunswick County rose about 28.3% between 2015 and 2023, from $673 to $864. Over the same span, rent in Virginia rose about 35.7%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Brunswick County.
Buying the median-priced home in Brunswick County costs roughly 3.2 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 Brunswick County. The price-to-rent ratio in Virginia is about 14.2.
| Metric | Brunswick County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,108 | $257,048 | $242,182 |
| Median Household Income | $53,456 | $91,409 | $78,145 |
| Price-to-Income Ratio | 0.6 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Brunswick County fell about 38.9%, while median household income rose about 47.3% between 2009 and 2023 — 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 | Brunswick County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.4% | 61.1% | 58.2% |
| Rental Rate | 22.1% | 29.9% | 31.3% |
| Vacancy Rate | 19.5% | 9.0% | 10.6% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Brunswick County has a homeownership rate of 58.4%, lower than the Virginia average of 61.1%. Its housing vacancy rate is 19.5%, compared with 9.0% in Virginia.
Housing Stock
| Metric | Brunswick County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.53 people | 2.54 people |
| Median Structure Built Year | 1981 | 1981 | 1978 |
| Median Number of Rooms | 5.8 | 6.0 | 5.5 |
The typical housing unit in Brunswick County was built around 1981. On average, 2.1 people live in a home with about 5.8 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Brunswick County, Virginia.
What is the median home price in Brunswick County, Virginia?
The median home price in Brunswick County, Virginia is $33,108, lower than the Virginia average of $257,048.
What is the average home price in Brunswick County, Virginia?
The typical home price in %s, reported as the median sale price, is %s. 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 Brunswick County, Virginia?
The median gross rent in Brunswick County, Virginia is $864 per month, lower than the Virginia average of $1,514.
What was the median gross rent in Brunswick County in 2020?
In 2020, the median gross rent in Brunswick County, Virginia was $705 per month.
What is the price-to-rent ratio in Brunswick County, Virginia?
The price-to-rent ratio in Brunswick County, Virginia is about 3.2, meaning it would take roughly 3.2 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 Brunswick County.
Are home prices or rent rising faster in Brunswick County, Virginia?
Both home prices and rent are rising in Brunswick County, up about 2.2% and 3.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Brunswick County, Virginia?
58.4% of households in Brunswick County, Virginia own their home, lower than the Virginia average of 61.1%.
What is the vacancy rate in Brunswick County, Virginia?
The housing vacancy rate in Brunswick County, Virginia is 19.5%, higher than the Virginia average of 9.0%.