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 | Culpeper County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,411 | $257,048 | $242,182 |
| Price Trend (Annual %) | -8.2% | 4.1% | 8.2% |
| Median Gross Rent | $1,416 | $1,514 | $1,342 |
| Rent Trend (Annual %) | 4.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Culpeper County is about 85% lower than in Virginia. Rent is about 6% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Culpeper County: home prices fell about 8.2% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
Median rent in Culpeper County rose about 34.8% between 2015 and 2023, from $1,050 to $1,416. Over the same span, rent in Virginia rose about 35.7%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Culpeper County.
Buying the median-priced home in Culpeper County costs roughly 2.3 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 Culpeper County. The price-to-rent ratio in Virginia is about 14.2.
| Metric | Culpeper County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,411 | $257,048 | $242,182 |
| Median Household Income | $95,399 | $91,409 | $78,145 |
| Price-to-Income Ratio | 0.4 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Culpeper County fell about 75.2%, while median household income rose about 49.1% 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 | Culpeper County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.9% | 61.1% | 58.2% |
| Rental Rate | 24.3% | 29.9% | 31.3% |
| Vacancy Rate | 4.8% | 9.0% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Culpeper County has a homeownership rate of 70.9%, higher than the Virginia average of 61.1%. Its housing vacancy rate is 4.8%, compared with 9.0% in Virginia.
Housing Stock
| Metric | Culpeper County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.53 people | 2.54 people |
| Median Structure Built Year | 1991 | 1981 | 1978 |
| Median Number of Rooms | 6.2 | 6.0 | 5.5 |
The typical housing unit in Culpeper County was built around 1991. On average, 2.8 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Culpeper County, Virginia.
What is the median home price in Culpeper County, Virginia?
The median home price in Culpeper County, Virginia is $39,411, lower than the Virginia average of $257,048.
What is the average home price in Culpeper 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 Culpeper County, Virginia?
The median gross rent in Culpeper County, Virginia is $1,416 per month, lower than the Virginia average of $1,514.
What was the median gross rent in Culpeper County in 2020?
In 2020, the median gross rent in Culpeper County, Virginia was $1,200 per month.
What is the price-to-rent ratio in Culpeper County, Virginia?
The price-to-rent ratio in Culpeper County, Virginia is about 2.3, meaning it would take roughly 2.3 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 Culpeper County.
Are home prices or rent rising faster in Culpeper County, Virginia?
Home prices and rent are moving in opposite directions in Culpeper County: home prices fell about 8.2% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Culpeper County, Virginia?
70.9% of households in Culpeper County, Virginia own their home, higher than the Virginia average of 61.1%.
What is the vacancy rate in Culpeper County, Virginia?
The housing vacancy rate in Culpeper County, Virginia is 4.8%, lower than the Virginia average of 9.0%.