Meadowbrook, Virginia Housing Market Prices
Meadowbrook 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 85% below the Virginia median$39,357
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Median rent About the same as the Virginia median$1,578
Housing Market Overview
| Metric | Meadowbrook | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,357 | $256,082 | $248,835 |
| Price Trend (Annual %) | 117.7% | 3.5% | 7.5% |
| Median Gross Rent | $1,578 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Meadowbrook is about 85% lower than in Virginia. Rent follows a similar pattern, running close to 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 Meadowbrook, up about 117.7% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Meadowbrook rose about 60.8% between 2015 and 2024, from $981 to $1,578. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Meadowbrook.
Buying the median-priced home in Meadowbrook costs roughly 2.1 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 Meadowbrook. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Meadowbrook | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,357 | $256,082 | $248,835 |
| Median Household Income | $84,794 | $93,527 | $80,455 |
| Price-to-Income Ratio | 0.5 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Meadowbrook fell about 74.0%, while median household income rose about 31.8% 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 | Meadowbrook | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.6% | 61.5% | 58.5% |
| Rental Rate | 24.2% | 29.8% | 31.2% |
| Vacancy Rate | 5.2% | 8.7% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Meadowbrook has a homeownership rate of 70.6%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 5.2%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Meadowbrook | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.86 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1982 | 1982 | 1978 |
| Median Number of Rooms | 6.4 | 6.0 | 5.5 |
The typical housing unit in Meadowbrook was built around 1982. On average, 2.9 people live in a home with about 6.4 rooms, staying for about 14.0 years on average.
Meadowbrook, VA Housing Compared With Nearby Cities
How Meadowbrook, VA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Meadowbrook, VA | 21,108 | $39,357 #2/2 | $1,578 #1/2 | 74.5% #1/2 |
| Richmond, VA | 229,341 | $273,766 | $1,371 | 43.5% |
Frequently Asked Questions
Common questions about the housing market in Meadowbrook, Virginia.
What is the median home price in Meadowbrook, Virginia?
The median home price in Meadowbrook, Virginia is $39,357, lower than the Virginia average of $256,082.
What is the average home price in Meadowbrook, Virginia?
The typical home price in Meadowbrook, Virginia, reported as the median sale price, is $39,357. 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 Meadowbrook, Virginia?
The median gross rent in Meadowbrook, Virginia is $1,578 per month, about the same as the Virginia average.
What was the median gross rent in Meadowbrook in 2020?
In 2020, the median gross rent in Meadowbrook, Virginia was $1,192 per month.
What is the price-to-rent ratio in Meadowbrook, Virginia?
The price-to-rent ratio in Meadowbrook, Virginia is about 2.1, meaning it would take roughly 2.1 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 Meadowbrook.
Are home prices or rent rising faster in Meadowbrook, Virginia?
Both home prices and rent are rising in Meadowbrook, up about 117.7% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Meadowbrook, Virginia?
70.6% of households in Meadowbrook, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Meadowbrook, Virginia?
The housing vacancy rate in Meadowbrook, Virginia is 5.2%, lower than the Virginia average of 8.7%.
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