Emporia city, Virginia Housing Market Prices
Emporia city 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.
-
Median home price 27% below the Virginia median$187,500
-
Median rent 34% below the Virginia median$1,037
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Emporia city | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $256,082 | $248,835 |
| Price Trend (Annual %) | 22.2% | 3.5% | 7.5% |
| Median Gross Rent | $1,037 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Emporia city is about 27% lower than in Virginia. Rent is about 34% 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 Emporia city, up about 22.2% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Emporia city rose about 52.6% between 2015 and 2024, from $680 to $1,037. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Emporia city.
Buying the median-priced home in Emporia city costs roughly 15.1 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 Emporia city. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Emporia city | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $256,082 | $248,835 |
| Median Household Income | $53,266 | $93,527 | $80,455 |
| Price-to-Income Ratio | 3.5 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Emporia city rose about 198.2%, while median household income rose about 32.1% 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 | Emporia city | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 30.2% | 61.5% | 58.5% |
| Rental Rate | 48.9% | 29.8% | 31.2% |
| Vacancy Rate | 20.9% | 8.7% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Emporia city has a homeownership rate of 30.2%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 20.9%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Emporia city | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1964 | 1982 | 1978 |
| Median Number of Rooms | 5.3 | 6.0 | 5.5 |
The typical housing unit in Emporia city was built around 1964. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 16.0 years on average.
Emporia city, VA Housing Compared With Nearby Counties
How Emporia city, VA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Emporia city, VA | 5,517 | $187,500 #1/3 | $1,037 #1/3 | 38.2% #3/3 |
| Northampton County, NC | 16,931 | $155,023 | $758 | 74.6% |
| Brunswick County, VA | 15,841 | $33,084 | $834 | 74.4% |
Frequently Asked Questions
Common questions about the housing market in Emporia city, Virginia.
What is the median home price in Emporia city, Virginia?
The median home price in Emporia city, Virginia is $187,500, lower than the Virginia average of $256,082.
What is the average home price in Emporia city, Virginia?
The typical home price in Emporia city, Virginia, reported as the median sale price, is $187,500. 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 Emporia city, Virginia?
The median gross rent in Emporia city, Virginia is $1,037 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Emporia city in 2020?
In 2020, the median gross rent in Emporia city, Virginia was $755 per month.
What is the price-to-rent ratio in Emporia city, Virginia?
The price-to-rent ratio in Emporia city, Virginia is about 15.1, meaning it would take roughly 15.1 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 Emporia city.
Are home prices or rent rising faster in Emporia city, Virginia?
Both home prices and rent are rising in Emporia city, up about 22.2% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Emporia city, Virginia?
30.2% of households in Emporia city, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Emporia city, Virginia?
The housing vacancy rate in Emporia city, Virginia is 20.9%, higher than the Virginia average of 8.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →