Halifax County, Virginia Housing Market Prices
Halifax 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 62% above the Virginia median More expensive than 85% of counties in Virginia$415,518
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Median rent 50% below the Virginia median Cheaper than 84% of counties in Virginia$789
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Halifax County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $415,518 | $256,082 | $248,835 |
| Price Trend (Annual %) | 58.1% | 3.5% | 7.5% |
| Median Gross Rent | $789 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Halifax County is about 62% higher 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 Halifax County, up about 58.1% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Halifax County rose about 44.0% between 2015 and 2024, from $548 to $789. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 7.9 yearly household incomes in Halifax County.
Buying the median-priced home in Halifax County costs roughly 43.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Halifax County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Halifax County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $415,518 | $256,082 | $248,835 |
| Median Household Income | $52,426 | $93,527 | $80,455 |
| Price-to-Income Ratio | 7.9 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Halifax County rose about 230.6%, while median household income rose about 40.9% 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 | Halifax County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.2% | 61.5% | 58.5% |
| Rental Rate | 19.8% | 29.8% | 31.2% |
| Vacancy Rate | 22.0% | 8.7% | 10.2% |
| Median Tenure (years) | 21.0 | 15.0 | 15.0 |
| Median Year Moved In | 2005 | 2011 | 2011 |
Halifax County has a homeownership rate of 58.2%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 22.0%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Halifax County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1976 | 1982 | 1978 |
| Median Number of Rooms | 5.6 | 6.0 | 5.5 |
The typical housing unit in Halifax County was built around 1976. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 21.0 years on average.
Halifax County, VA Housing Compared With Nearby Counties
Halifax County, VA is the smallest of the 4 counties compared here, 33,638 residents against a local median of 55,757. Halifax County, VA's median home price, at $415,518, runs 158% above the $161,218 typical of the counties around it.
The counties themselves spread $1,904,609 on median home price, so Halifax County, VA sits at one end of an already wide local range rather than apart from it. Halifax County, VA has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Halifax County, VA | 33,638 | $415,518 #2/4 | $789 #4/4 | 74.6% #4/4 |
| Person County, NC | 39,541 | $2,026,786 | $864 | 77.3% |
| Pittsylvania County, VA | 59,854 | $161,218 | $860 | 78.7% |
| Campbell County, VA | 55,757 | $122,177 | $892 | 75.0% |
Frequently Asked Questions
Common questions about the housing market in Halifax County, Virginia.
What is the median home price in Halifax County, Virginia?
The median home price in Halifax County, Virginia is $415,518, higher than the Virginia average of $256,082.
What is the average home price in Halifax County, Virginia?
The typical home price in Halifax County, Virginia, reported as the median sale price, is $415,518. 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 Halifax County, Virginia?
The median gross rent in Halifax County, Virginia is $789 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Halifax County in 2020?
In 2020, the median gross rent in Halifax County, Virginia was $677 per month.
What is the price-to-rent ratio in Halifax County, Virginia?
The price-to-rent ratio in Halifax County, Virginia is about 43.9, meaning it would take roughly 43.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Halifax County.
Are home prices or rent rising faster in Halifax County, Virginia?
Both home prices and rent are rising in Halifax County, up about 58.1% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Halifax County, Virginia?
58.2% of households in Halifax County, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Halifax County, Virginia?
The housing vacancy rate in Halifax County, Virginia is 22.0%, higher than the Virginia average of 8.7%.
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