Clarke County, Virginia Housing Market Prices
Clarke 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 28% above the Virginia median More expensive than 70% of counties in Virginia$327,592
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Median rent 13% below the Virginia median More expensive than 75% of counties in Virginia$1,370
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Clarke County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $327,592 | $256,082 | $248,835 |
| Price Trend (Annual %) | 8.0% | 3.5% | 7.5% |
| Median Gross Rent | $1,370 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clarke County is about 28% higher than in Virginia. Rent is about 13% 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 Clarke County, up about 8.0% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Clarke County rose about 32.8% between 2015 and 2024, from $1,032 to $1,370. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Clarke County.
Buying the median-priced home in Clarke County costs roughly 19.9 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 Clarke County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Clarke County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $327,592 | $256,082 | $248,835 |
| Median Household Income | $111,882 | $93,527 | $80,455 |
| Price-to-Income Ratio | 2.9 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Clarke County rose about 166.9%, while median household income rose about 45.5% 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 | Clarke County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.2% | 61.5% | 58.5% |
| Rental Rate | 16.7% | 29.8% | 31.2% |
| Vacancy Rate | 10.1% | 8.7% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Clarke County has a homeownership rate of 73.2%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 10.1%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Clarke County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1988 | 1982 | 1978 |
| Median Number of Rooms | 6.8 | 6.0 | 5.5 |
The typical housing unit in Clarke County was built around 1988. On average, 2.5 people live in a home with about 6.8 rooms, staying for about 16.0 years on average.
Clarke County, VA Housing Compared With Nearby Counties
Clarke County, VA is the smallest of the 4 counties compared here, 15,216 residents against a local median of 94,959. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Clarke County, VA an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median rent, 11% above the local median at $1,370 against $1,232. Clarke County, VA has the 2nd highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Clarke County, VA | 15,216 | $327,592 #3/4 | $1,370 #2/4 | 81.5% #1/4 |
| Jefferson County, WV | 59,260 | $354,347 | $1,107 | 80.3% |
| Frederick County, VA | 94,959 | $340,016 | $1,507 | 79.3% |
| Berkeley County, WV | 129,514 | $267,272 | $1,232 | 76.0% |
Frequently Asked Questions
Common questions about the housing market in Clarke County, Virginia.
What is the median home price in Clarke County, Virginia?
The median home price in Clarke County, Virginia is $327,592, higher than the Virginia average of $256,082.
What is the average home price in Clarke County, Virginia?
The typical home price in Clarke County, Virginia, reported as the median sale price, is $327,592. 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 Clarke County, Virginia?
The median gross rent in Clarke County, Virginia is $1,370 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Clarke County in 2020?
In 2020, the median gross rent in Clarke County, Virginia was $1,258 per month.
What is the price-to-rent ratio in Clarke County, Virginia?
The price-to-rent ratio in Clarke County, Virginia is about 19.9, meaning it would take roughly 19.9 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 Clarke County.
Are home prices or rent rising faster in Clarke County, Virginia?
Both home prices and rent are rising in Clarke County, up about 8.0% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clarke County, Virginia?
73.2% of households in Clarke County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Clarke County, Virginia?
The housing vacancy rate in Clarke County, Virginia is 10.1%, higher than the Virginia average of 8.7%.
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