Grayson County, Virginia Housing Market Prices
Grayson 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 65% below the Virginia median Cheaper than 84% of counties in Virginia$90,246
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Median rent 52% below the Virginia median Cheaper than 87% of counties in Virginia$765
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Grayson County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $90,246 | $256,082 | $248,835 |
| Price Trend (Annual %) | 2.0% | 3.5% | 7.5% |
| Median Gross Rent | $765 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grayson County is about 65% lower than in Virginia. Rent is about 52% 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 Grayson County, up about 2.0% and 5.0% a year respectively. Rent is changing faster.
Median rent in Grayson County rose about 38.4% between 2015 and 2024, from $552 to $765. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Grayson County.
Buying the median-priced home in Grayson County costs roughly 9.8 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 Grayson County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Grayson County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $90,246 | $256,082 | $248,835 |
| Median Household Income | $47,185 | $93,527 | $80,455 |
| Price-to-Income Ratio | 1.9 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grayson County rose about 53.6%, while median household income rose about 37.7% 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 | Grayson County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.9% | 61.5% | 58.5% |
| Rental Rate | 13.8% | 29.8% | 31.2% |
| Vacancy Rate | 29.3% | 8.7% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Grayson County has a homeownership rate of 56.9%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 29.3%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Grayson County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1974 | 1982 | 1978 |
| Median Number of Rooms | 5.7 | 6.0 | 5.5 |
The typical housing unit in Grayson County was built around 1974. On average, 2.2 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Grayson County, VA Housing Compared With Nearby Counties
How Grayson County, VA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Grayson County, VA | 15,277 | $90,246 #2/3 | $765 #1/3 | 80.4% #1/3 |
| Wythe County, VA | 28,184 | $130,514 | $764 | 77.0% |
| Smyth County, VA | 29,374 | $24,100 | $730 | 71.0% |
Frequently Asked Questions
Common questions about the housing market in Grayson County, Virginia.
What is the median home price in Grayson County, Virginia?
The median home price in Grayson County, Virginia is $90,246, lower than the Virginia average of $256,082.
What is the average home price in Grayson County, Virginia?
The typical home price in Grayson County, Virginia, reported as the median sale price, is $90,246. 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 Grayson County, Virginia?
The median gross rent in Grayson County, Virginia is $765 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Grayson County in 2020?
In 2020, the median gross rent in Grayson County, Virginia was $538 per month.
What is the price-to-rent ratio in Grayson County, Virginia?
The price-to-rent ratio in Grayson County, Virginia is about 9.8, meaning it would take roughly 9.8 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 Grayson County.
Are home prices or rent rising faster in Grayson County, Virginia?
Both home prices and rent are rising in Grayson County, up about 2.0% and 5.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Grayson County, Virginia?
56.9% of households in Grayson County, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Grayson County, Virginia?
The housing vacancy rate in Grayson County, Virginia is 29.3%, higher than the Virginia average of 8.7%.
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