Giles County, Virginia Housing Market Prices
Giles 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 42% below the Virginia median Cheaper than 70% of counties in Virginia$147,916
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Median rent 50% below the Virginia median Cheaper than 86% of counties in Virginia$788
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Giles County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $147,916 | $256,082 | $248,835 |
| Price Trend (Annual %) | 0.2% | 3.5% | 7.5% |
| Median Gross Rent | $788 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 2.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Giles County is about 42% lower than in Virginia. Rent is about 50% 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 Giles County, up about 0.2% and 2.5% a year respectively. Rent is changing faster.
Median rent in Giles County rose about 33.0% between 2015 and 2024, from $593 to $788. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Giles County.
Buying the median-priced home in Giles County costs roughly 15.6 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 Giles County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Giles County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $147,916 | $256,082 | $248,835 |
| Median Household Income | $67,311 | $93,527 | $80,455 |
| Price-to-Income Ratio | 2.2 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Giles County rose about 29.5%, while median household income rose about 58.0% 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 | Giles County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.4% | 61.5% | 58.5% |
| Rental Rate | 16.9% | 29.8% | 31.2% |
| Vacancy Rate | 19.7% | 8.7% | 10.2% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Giles County has a homeownership rate of 63.4%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 19.7%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Giles County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1976 | 1982 | 1978 |
| Median Number of Rooms | 5.4 | 6.0 | 5.5 |
The typical housing unit in Giles County was built around 1976. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 20.0 years on average.
Giles County, VA Housing Compared With Nearby Counties
Giles County, VA is the 3rd largest of the 4 counties compared here, 16,557 residents against a local median of 33,685. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Giles County, VA an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median rent, 14% below the local median at $788 against $915. Giles County, VA has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Giles County, VA | 16,557 | $147,916 #2/4 | $788 #4/4 | 78.9% #2/4 |
| Pulaski County, VA | 33,685 | $122,130 | $813 | 73.4% |
| Montgomery County, VA | 99,089 | $358,482 | $1,239 | 55.3% |
| Summers County, WV | 11,729 | $133,422 | $915 | 81.2% |
Frequently Asked Questions
Common questions about the housing market in Giles County, Virginia.
What is the median home price in Giles County, Virginia?
The median home price in Giles County, Virginia is $147,916, lower than the Virginia average of $256,082.
What is the average home price in Giles County, Virginia?
The typical home price in Giles County, Virginia, reported as the median sale price, is $147,916. 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 Giles County, Virginia?
The median gross rent in Giles County, Virginia is $788 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Giles County in 2020?
In 2020, the median gross rent in Giles County, Virginia was $725 per month.
What is the price-to-rent ratio in Giles County, Virginia?
The price-to-rent ratio in Giles County, Virginia is about 15.6, meaning it would take roughly 15.6 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 Giles County.
Are home prices or rent rising faster in Giles County, Virginia?
Both home prices and rent are rising in Giles County, up about 0.2% and 2.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Giles County, Virginia?
63.4% of households in Giles County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Giles County, Virginia?
The housing vacancy rate in Giles County, Virginia is 19.7%, higher than the Virginia average of 8.7%.
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