Greensville County, Virginia Housing Market Prices
Greensville 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 23% below the Virginia median$196,382
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Median rent 39% below the Virginia median$969
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Greensville County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $196,382 | $256,082 | $248,835 |
| Price Trend (Annual %) | 22.5% | 3.5% | 7.5% |
| Median Gross Rent | $969 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greensville County is about 23% lower than in Virginia. Rent is about 39% 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 Greensville County, up about 22.5% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Greensville County rose about 35.3% between 2015 and 2024, from $716 to $969. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Greensville County.
Buying the median-priced home in Greensville County costs roughly 16.9 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 Greensville County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Greensville County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $196,382 | $256,082 | $248,835 |
| Median Household Income | $56,132 | $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 Greensville County rose about 252.7%, while median household income rose about 30.6% 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 | Greensville County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.6% | 61.5% | 58.5% |
| Rental Rate | 26.9% | 29.8% | 31.2% |
| Vacancy Rate | 20.5% | 8.7% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Greensville County has a homeownership rate of 52.6%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 20.5%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Greensville County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1973 | 1982 | 1978 |
| Median Number of Rooms | 5.5 | 6.0 | 5.5 |
The typical housing unit in Greensville County was built around 1973. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 19.0 years on average.
Greensville County, VA Housing Compared With Nearby Counties
How Greensville County, VA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Greensville County, VA | 11,306 | $196,382 #1/3 | $969 #1/3 | 66.2% #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 Greensville County, Virginia.
What is the median home price in Greensville County, Virginia?
The median home price in Greensville County, Virginia is $196,382, lower than the Virginia average of $256,082.
What is the average home price in Greensville County, Virginia?
The typical home price in Greensville County, Virginia, reported as the median sale price, is $196,382. 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 Greensville County, Virginia?
The median gross rent in Greensville County, Virginia is $969 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Greensville County in 2020?
In 2020, the median gross rent in Greensville County, Virginia was $890 per month.
What is the price-to-rent ratio in Greensville County, Virginia?
The price-to-rent ratio in Greensville County, Virginia is about 16.9, meaning it would take roughly 16.9 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 Greensville County.
Are home prices or rent rising faster in Greensville County, Virginia?
Both home prices and rent are rising in Greensville County, up about 22.5% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Greensville County, Virginia?
52.6% of households in Greensville County, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Greensville County, Virginia?
The housing vacancy rate in Greensville County, Virginia is 20.5%, higher than the Virginia average of 8.7%.
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