Lunenburg County, Virginia Housing Market Prices
Lunenburg 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 43% below the Virginia median Cheaper than 70% of counties in Virginia$146,428
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Median rent 53% below the Virginia median Cheaper than 90% of counties in Virginia$741
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lunenburg County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $146,428 | $256,082 | $248,835 |
| Price Trend (Annual %) | 7.0% | 3.5% | 7.5% |
| Median Gross Rent | $741 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 1.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lunenburg County is about 43% lower than in Virginia. Rent is about 53% 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 Lunenburg County, up about 7.0% and 1.2% a year respectively. Home prices are changing faster.
Median rent in Lunenburg County rose about 8.3% between 2015 and 2024, from $684 to $741. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Lunenburg County.
Buying the median-priced home in Lunenburg County costs roughly 16.5 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 Lunenburg County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Lunenburg County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $146,428 | $256,082 | $248,835 |
| Median Household Income | $57,608 | $93,527 | $80,455 |
| Price-to-Income Ratio | 2.5 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lunenburg County rose about 201.1%, while median household income rose about 45.7% 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 | Lunenburg County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.7% | 61.5% | 58.5% |
| Rental Rate | 23.1% | 29.8% | 31.2% |
| Vacancy Rate | 19.2% | 8.7% | 10.2% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Lunenburg County has a homeownership rate of 57.7%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 19.2%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Lunenburg County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1973 | 1982 | 1978 |
| Median Number of Rooms | 5.8 | 6.0 | 5.5 |
The typical housing unit in Lunenburg County was built around 1973. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 20.0 years on average.
Lunenburg County, VA Housing Compared With Nearby Counties
How Lunenburg County, VA compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lunenburg County, VA | 12,016 | $146,428 #1/2 | $741 #2/2 | 71.5% #2/2 |
| Brunswick County, VA | 15,841 | $33,084 | $834 | 74.4% |
Frequently Asked Questions
Common questions about the housing market in Lunenburg County, Virginia.
What is the median home price in Lunenburg County, Virginia?
The median home price in Lunenburg County, Virginia is $146,428, lower than the Virginia average of $256,082.
What is the average home price in Lunenburg County, Virginia?
The typical home price in Lunenburg County, Virginia, reported as the median sale price, is $146,428. 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 Lunenburg County, Virginia?
The median gross rent in Lunenburg County, Virginia is $741 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Lunenburg County in 2020?
In 2020, the median gross rent in Lunenburg County, Virginia was $691 per month.
What is the price-to-rent ratio in Lunenburg County, Virginia?
The price-to-rent ratio in Lunenburg County, Virginia is about 16.5, meaning it would take roughly 16.5 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 Lunenburg County.
Are home prices or rent rising faster in Lunenburg County, Virginia?
Both home prices and rent are rising in Lunenburg County, up about 7.0% and 1.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lunenburg County, Virginia?
57.7% of households in Lunenburg County, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Lunenburg County, Virginia?
The housing vacancy rate in Lunenburg County, Virginia is 19.2%, higher than the Virginia average of 8.7%.
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