Floyd County, Virginia Housing Market Prices
Floyd 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 27% below the Virginia median$187,916
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Median rent 44% below the Virginia median Cheaper than 71% of counties in Virginia$877
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Floyd County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,916 | $256,082 | $248,835 |
| Price Trend (Annual %) | 10.6% | 3.5% | 7.5% |
| Median Gross Rent | $877 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 6.8% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Floyd County is about 27% lower than in Virginia. Rent is about 44% 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 Floyd County, up about 10.6% and 6.8% a year respectively. Home prices are changing faster.
Median rent in Floyd County rose about 66.6% between 2015 and 2024, from $526 to $877. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Floyd County.
Buying the median-priced home in Floyd County costs roughly 17.9 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 Floyd County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Floyd County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,916 | $256,082 | $248,835 |
| Median Household Income | $64,159 | $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 Floyd County fell about 18.3%, while median household income rose about 45.3% 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 | Floyd County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.7% | 61.5% | 58.5% |
| Rental Rate | 13.4% | 29.8% | 31.2% |
| Vacancy Rate | 16.9% | 8.7% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Floyd County has a homeownership rate of 69.7%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 16.9%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Floyd County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1986 | 1982 | 1978 |
| Median Number of Rooms | 5.7 | 6.0 | 5.5 |
The typical housing unit in Floyd County was built around 1986. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Floyd County, VA Housing Compared With Nearby Counties
Floyd County, VA is the smallest of the 5 counties compared here, 15,593 residents against a local median of 31,421. Where Floyd County, VA breaks from the counties next to it is median home price, sitting 65% above the local median of $113,661 at $187,916.
The counties themselves spread $299,266 on median home price, so Floyd County, VA sits at one end of an already wide local range rather than apart from it. Floyd County, VA has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Floyd County, VA | 15,593 | $187,916 #2/5 | $877 #2/5 | 83.9% #1/5 |
| Montgomery County, VA | 99,089 | $358,482 | $1,239 | 55.3% |
| Patrick County, VA | 17,512 | $105,192 | $716 | 76.9% |
| Pulaski County, VA | 33,685 | $122,130 | $813 | 73.4% |
| Carroll County, VA | 29,157 | $59,216 | $737 | 77.1% |
Frequently Asked Questions
Common questions about the housing market in Floyd County, Virginia.
What is the median home price in Floyd County, Virginia?
The median home price in Floyd County, Virginia is $187,916, lower than the Virginia average of $256,082.
What is the average home price in Floyd County, Virginia?
The typical home price in Floyd County, Virginia, reported as the median sale price, is $187,916. 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 Floyd County, Virginia?
The median gross rent in Floyd County, Virginia is $877 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Floyd County in 2020?
In 2020, the median gross rent in Floyd County, Virginia was $684 per month.
What is the price-to-rent ratio in Floyd County, Virginia?
The price-to-rent ratio in Floyd County, Virginia is about 17.9, meaning it would take roughly 17.9 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 Floyd County.
Are home prices or rent rising faster in Floyd County, Virginia?
Both home prices and rent are rising in Floyd County, up about 10.6% and 6.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Floyd County, Virginia?
69.7% of households in Floyd County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Floyd County, Virginia?
The housing vacancy rate in Floyd County, Virginia is 16.9%, higher than the Virginia average of 8.7%.
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