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 | Fluvanna County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $241,509 | $257,048 | $242,182 |
| Price Trend (Annual %) | 28.0% | 4.1% | 8.2% |
| Median Gross Rent | $1,173 | $1,514 | $1,342 |
| Rent Trend (Annual %) | -0.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fluvanna County is about 6% lower than in Virginia. Rent is about 23% 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 Fluvanna County: home prices rose about 28.0% a year while rent fell about 0.6% a year. That is an unusual pattern worth watching.
Median rent in Fluvanna County fell about 8.5% between 2015 and 2023, from $1,281 to $1,173. Over the same span, rent in Virginia rose about 35.7%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Fluvanna County.
Buying the median-priced home in Fluvanna County costs roughly 17.2 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 Fluvanna County. The price-to-rent ratio in Virginia is about 14.2.
| Metric | Fluvanna County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $241,509 | $257,048 | $242,182 |
| Median Household Income | $91,830 | $91,409 | $78,145 |
| Price-to-Income Ratio | 2.6 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Fluvanna County rose about 108.9%, while median household income rose about 47.6% between 2009 and 2023 — 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 | Fluvanna County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.0% | 61.1% | 58.2% |
| Rental Rate | 10.5% | 29.9% | 31.3% |
| Vacancy Rate | 9.5% | 9.0% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Fluvanna County has a homeownership rate of 80.0%, higher than the Virginia average of 61.1%. Its housing vacancy rate is 9.5%, compared with 9.0% in Virginia.
Housing Stock
| Metric | Fluvanna County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.53 people | 2.54 people |
| Median Structure Built Year | 1993 | 1981 | 1978 |
| Median Number of Rooms | 6.5 | 6.0 | 5.5 |
The typical housing unit in Fluvanna County was built around 1993. On average, 2.6 people live in a home with about 6.5 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fluvanna County, Virginia.
What is the median home price in Fluvanna County, Virginia?
The median home price in Fluvanna County, Virginia is $241,509, lower than the Virginia average of $257,048.
What is the average home price in Fluvanna 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 Fluvanna County, Virginia?
The median gross rent in Fluvanna County, Virginia is $1,173 per month, lower than the Virginia average of $1,514.
What was the median gross rent in Fluvanna County in 2020?
In 2020, the median gross rent in Fluvanna County, Virginia was $1,234 per month.
What is the price-to-rent ratio in Fluvanna County, Virginia?
The price-to-rent ratio in Fluvanna County, Virginia is about 17.2, meaning it would take roughly 17.2 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 Fluvanna County.
Are home prices or rent rising faster in Fluvanna County, Virginia?
Home prices and rent are moving in opposite directions in Fluvanna County: home prices rose about 28.0% a year while rent fell about 0.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Fluvanna County, Virginia?
80.0% of households in Fluvanna County, Virginia own their home, higher than the Virginia average of 61.1%.
What is the vacancy rate in Fluvanna County, Virginia?
The housing vacancy rate in Fluvanna County, Virginia is 9.5%, higher than the Virginia average of 9.0%.