Carroll County, Virginia Housing Market Prices
Carroll 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 77% below the Virginia median Cheaper than 90% of counties in Virginia$59,216
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Median rent 53% below the Virginia median Cheaper than 92% of counties in Virginia$737
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Carroll County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,216 | $256,082 | $248,835 |
| Price Trend (Annual %) | 5.4% | 3.5% | 7.5% |
| Median Gross Rent | $737 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carroll County is about 77% lower than in Virginia. Rent is about 53% 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 Carroll County, up about 5.4% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Carroll County rose about 38.3% between 2015 and 2024, from $533 to $737. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Carroll County.
Buying the median-priced home in Carroll County costs roughly 6.7 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 Carroll County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Carroll County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,216 | $256,082 | $248,835 |
| Median Household Income | $54,664 | $93,527 | $80,455 |
| Price-to-Income Ratio | 1.1 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carroll County fell about 37.0%, while median household income rose about 45.0% 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 | Carroll County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.1% | 61.5% | 58.5% |
| Rental Rate | 17.2% | 29.8% | 31.2% |
| Vacancy Rate | 24.7% | 8.7% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Carroll County has a homeownership rate of 58.1%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 24.7%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Carroll County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1980 | 1982 | 1978 |
| Median Number of Rooms | 5.4 | 6.0 | 5.5 |
The typical housing unit in Carroll County was built around 1980. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 19.0 years on average.
Carroll County, VA Housing Compared With Nearby Counties
Carroll County, VA is typical in size for this group, 29,157 residents against a local median of 33,685, so the measures below are close to a like for like comparison. The measure that sets Carroll County, VA apart most is median home price: $59,216, 55% below the local median of $130,514.
The counties themselves spread $85,112 on median home price, so Carroll County, VA sits at one end of an already wide local range rather than apart from it. Carroll County, VA has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Carroll County, VA | 29,157 | $59,216 #4/4 | $737 #4/4 | 77.1% #1/4 |
| Surry County, NC | 71,374 | $207,242 | $761 | 73.4% |
| Pulaski County, VA | 33,685 | $122,130 | $813 | 73.4% |
| Wythe County, VA | 28,184 | $130,514 | $764 | 77.0% |
Frequently Asked Questions
Common questions about the housing market in Carroll County, Virginia.
What is the median home price in Carroll County, Virginia?
The median home price in Carroll County, Virginia is $59,216, lower than the Virginia average of $256,082.
What is the average home price in Carroll County, Virginia?
The typical home price in Carroll County, Virginia, reported as the median sale price, is $59,216. 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 Carroll County, Virginia?
The median gross rent in Carroll County, Virginia is $737 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Carroll County in 2020?
In 2020, the median gross rent in Carroll County, Virginia was $594 per month.
What is the price-to-rent ratio in Carroll County, Virginia?
The price-to-rent ratio in Carroll County, Virginia is about 6.7, meaning it would take roughly 6.7 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 Carroll County.
Are home prices or rent rising faster in Carroll County, Virginia?
Both home prices and rent are rising in Carroll County, up about 5.4% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Carroll County, Virginia?
58.1% of households in Carroll County, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Carroll County, Virginia?
The housing vacancy rate in Carroll County, Virginia is 24.7%, higher than the Virginia average of 8.7%.
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