Buckingham County, Virginia Housing Market Prices
Buckingham 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 54% below the Virginia median Cheaper than 78% of counties in Virginia$118,303
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Median rent 41% below the Virginia median$927
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Buckingham County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $118,303 | $256,082 | $248,835 |
| Price Trend (Annual %) | -0.4% | 3.5% | 7.5% |
| Median Gross Rent | $927 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Buckingham County is about 54% lower than in Virginia. Rent is about 41% 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 Buckingham County: home prices fell about 0.4% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
Median rent in Buckingham County rose about 35.5% between 2015 and 2024, from $684 to $927. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Buckingham County.
Buying the median-priced home in Buckingham County costs roughly 10.6 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 Buckingham County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Buckingham County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $118,303 | $256,082 | $248,835 |
| Median Household Income | $61,152 | $93,527 | $80,455 |
| Price-to-Income Ratio | 1.9 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Buckingham County fell about 27.8%, while median household income rose about 53.4% 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 | Buckingham County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.6% | 61.5% | 58.5% |
| Rental Rate | 19.5% | 29.8% | 31.2% |
| Vacancy Rate | 13.9% | 8.7% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Buckingham County has a homeownership rate of 66.6%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 13.9%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Buckingham County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1987 | 1982 | 1978 |
| Median Number of Rooms | 5.7 | 6.0 | 5.5 |
The typical housing unit in Buckingham County was built around 1987. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Buckingham County, VA Housing Compared With Nearby Counties
Buckingham County, VA is typical in size for this group, 16,972 residents against a local median of 16,605, so the measures below are close to a like for like comparison. Where Buckingham County, VA breaks from the counties next to it is median home price, sitting 71% below the local median of $411,111 at $118,303.
The counties themselves spread $417,159 on median home price, so Buckingham County, VA sits at one end of an already wide local range rather than apart from it. Buckingham County, VA has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Buckingham County, VA | 16,972 | $118,303 #3/4 | $927 #3/4 | 77.3% #3/4 |
| Appomattox County, VA | 16,605 | $91,087 | $854 | 75.8% |
| Fluvanna County, VA | 28,092 | $411,111 | $1,204 | 88.7% |
| Nelson County, VA | 14,732 | $508,246 | $946 | 79.7% |
Frequently Asked Questions
Common questions about the housing market in Buckingham County, Virginia.
What is the median home price in Buckingham County, Virginia?
The median home price in Buckingham County, Virginia is $118,303, lower than the Virginia average of $256,082.
What is the average home price in Buckingham County, Virginia?
The typical home price in Buckingham County, Virginia, reported as the median sale price, is $118,303. 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 Buckingham County, Virginia?
The median gross rent in Buckingham County, Virginia is $927 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Buckingham County in 2020?
In 2020, the median gross rent in Buckingham County, Virginia was $784 per month.
What is the price-to-rent ratio in Buckingham County, Virginia?
The price-to-rent ratio in Buckingham County, Virginia is about 10.6, meaning it would take roughly 10.6 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 Buckingham County.
Are home prices or rent rising faster in Buckingham County, Virginia?
Home prices and rent are moving in opposite directions in Buckingham County: home prices fell about 0.4% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Buckingham County, Virginia?
66.6% of households in Buckingham County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Buckingham County, Virginia?
The housing vacancy rate in Buckingham County, Virginia is 13.9%, higher than the Virginia average of 8.7%.
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