King and Queen County, Virginia Housing Market Prices
King and Queen 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 56% below the Virginia median Cheaper than 79% of counties in Virginia$112,510
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Median rent 36% below the Virginia median$1,004
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | King and Queen County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,510 | $256,082 | $248,835 |
| Price Trend (Annual %) | -8.3% | 3.5% | 7.5% |
| Median Gross Rent | $1,004 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in King and Queen County is about 56% lower than in Virginia. Rent is about 36% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in King and Queen County: home prices fell about 8.3% a year while rent rose about 2.4% a year. That is an unusual pattern worth watching.
Median rent in King and Queen County rose about 16.4% between 2015 and 2024, from $863 to $1,004. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in King and Queen County.
Buying the median-priced home in King and Queen County costs roughly 9.3 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 King and Queen County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | King and Queen County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,510 | $256,082 | $248,835 |
| Median Household Income | $67,967 | $93,527 | $80,455 |
| Price-to-Income Ratio | 1.7 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in King and Queen County fell about 79.3%, while median household income rose about 51.0% 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 | King and Queen County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.8% | 61.5% | 58.5% |
| Rental Rate | 20.8% | 29.8% | 31.2% |
| Vacancy Rate | 14.5% | 8.7% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
King and Queen County has a homeownership rate of 64.8%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 14.5%, compared with 8.7% in Virginia.
Housing Stock
| Metric | King and Queen County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1987 | 1982 | 1978 |
| Median Number of Rooms | 6.1 | 6.0 | 5.5 |
The typical housing unit in King and Queen County was built around 1987. On average, 2.2 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
King and Queen County, VA Housing Compared With Nearby Counties
How King and Queen County, VA compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| King and Queen County, VA | 6,696 | $112,510 #2/2 | $1,004 #1/2 | 75.7% #1/2 |
| Essex County, VA | 10,620 | $255,014 | $972 | 71.7% |
Frequently Asked Questions
Common questions about the housing market in King and Queen County, Virginia.
What is the median home price in King and Queen County, Virginia?
The median home price in King and Queen County, Virginia is $112,510, lower than the Virginia average of $256,082.
What is the average home price in King and Queen County, Virginia?
The typical home price in King and Queen County, Virginia, reported as the median sale price, is $112,510. 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 King and Queen County, Virginia?
The median gross rent in King and Queen County, Virginia is $1,004 per month, lower than the Virginia average of $1,579.
What was the median gross rent in King and Queen County in 2020?
In 2020, the median gross rent in King and Queen County, Virginia was $968 per month.
What is the price-to-rent ratio in King and Queen County, Virginia?
The price-to-rent ratio in King and Queen County, Virginia is about 9.3, meaning it would take roughly 9.3 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 King and Queen County.
Are home prices or rent rising faster in King and Queen County, Virginia?
Home prices and rent are moving in opposite directions in King and Queen County: home prices fell about 8.3% a year while rent rose about 2.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in King and Queen County, Virginia?
64.8% of households in King and Queen County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in King and Queen County, Virginia?
The housing vacancy rate in King and Queen County, Virginia is 14.5%, higher than the Virginia average of 8.7%.
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