Mathews County, Virginia Housing Market Prices
Mathews 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 9% below the Virginia median$233,252
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Median rent 35% below the Virginia median$1,032
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mathews County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $233,252 | $256,082 | $248,835 |
| Price Trend (Annual %) | 2.5% | 3.5% | 7.5% |
| Median Gross Rent | $1,032 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 1.7% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mathews County is about 9% lower than in Virginia. Rent is about 35% 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 Mathews County, up about 2.5% and 1.7% a year respectively. Home prices are changing faster.
Median rent in Mathews County rose about 9.6% between 2015 and 2024, from $941 to $1,032. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Mathews County.
Buying the median-priced home in Mathews County costs roughly 18.8 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 Mathews County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Mathews County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $233,252 | $256,082 | $248,835 |
| Median Household Income | $77,016 | $93,527 | $80,455 |
| Price-to-Income Ratio | 3.0 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mathews County fell about 34.9%, while median household income rose about 55.2% 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 | Mathews County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.0% | 61.5% | 58.5% |
| Rental Rate | 11.6% | 29.8% | 31.2% |
| Vacancy Rate | 27.4% | 8.7% | 10.2% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Mathews County has a homeownership rate of 61.0%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 27.4%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Mathews County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.11 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1980 | 1982 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Mathews County was built around 1980. On average, 2.1 people live in a home with about 6.0 rooms, staying for about 20.0 years on average.
Mathews County, VA Housing Compared With Nearby Counties
Mathews County, VA is the smallest of the 4 counties compared here, 8,540 residents against a local median of 39,526. Mathews County, VA's median home price, at $233,252, runs 24% below the $307,530 typical of the counties around it.
The counties themselves spread $232,593 on median home price, so Mathews County, VA sits at one end of an already wide local range rather than apart from it. Mathews County, VA has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mathews County, VA | 8,540 | $233,252 #3/4 | $1,032 #4/4 | 84.0% #1/4 |
| York County, VA | 71,005 | $412,950 | $1,826 | 71.6% |
| Gloucester County, VA | 39,526 | $180,357 | $1,096 | 80.4% |
| Lancaster County, VA | 10,936 | $307,530 | $1,033 | 81.5% |
Frequently Asked Questions
Common questions about the housing market in Mathews County, Virginia.
What is the median home price in Mathews County, Virginia?
The median home price in Mathews County, Virginia is $233,252, lower than the Virginia average of $256,082.
What is the average home price in Mathews County, Virginia?
The typical home price in Mathews County, Virginia, reported as the median sale price, is $233,252. 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 Mathews County, Virginia?
The median gross rent in Mathews County, Virginia is $1,032 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Mathews County in 2020?
In 2020, the median gross rent in Mathews County, Virginia was $931 per month.
What is the price-to-rent ratio in Mathews County, Virginia?
The price-to-rent ratio in Mathews County, Virginia is about 18.8, meaning it would take roughly 18.8 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 Mathews County.
Are home prices or rent rising faster in Mathews County, Virginia?
Both home prices and rent are rising in Mathews County, up about 2.5% and 1.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mathews County, Virginia?
61.0% of households in Mathews County, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Mathews County, Virginia?
The housing vacancy rate in Mathews County, Virginia is 27.4%, higher than the Virginia average of 8.7%.
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