Mecklenburg County, Virginia Housing Market Prices
Mecklenburg 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 91% below the Virginia median$24,285
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Median rent 48% below the Virginia median Cheaper than 80% of counties in Virginia$822
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mecklenburg County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,285 | $256,082 | $248,835 |
| Price Trend (Annual %) | -10.8% | 3.5% | 7.5% |
| Median Gross Rent | $822 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 2.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mecklenburg County is about 91% lower than in Virginia. Rent is about 48% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Mecklenburg County: home prices fell about 10.8% a year while rent rose about 2.0% a year. That is an unusual pattern worth watching.
Median rent in Mecklenburg County rose about 20.5% between 2015 and 2024, from $682 to $822. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Mecklenburg County.
Buying the median-priced home in Mecklenburg County costs roughly 2.5 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 Mecklenburg County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Mecklenburg County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,285 | $256,082 | $248,835 |
| Median Household Income | $56,858 | $93,527 | $80,455 |
| Price-to-Income Ratio | 0.4 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mecklenburg County fell about 90.8%, while median household income rose about 56.3% 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 | Mecklenburg County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.0% | 61.5% | 58.5% |
| Rental Rate | 22.3% | 29.8% | 31.2% |
| Vacancy Rate | 29.7% | 8.7% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Mecklenburg County has a homeownership rate of 48.0%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 29.7%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Mecklenburg County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.17 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1981 | 1982 | 1978 |
| Median Number of Rooms | 5.7 | 6.0 | 5.5 |
The typical housing unit in Mecklenburg County was built around 1981. On average, 2.2 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Mecklenburg County, VA Housing Compared With Nearby Counties
Mecklenburg County, VA is the 3rd largest of the 4 counties compared here, 30,516 residents against a local median of 42,305. Where Mecklenburg County, VA breaks from the counties next to it is median home price, sitting 82% below the local median of $134,971 at $24,285.
The counties themselves spread $167,687 on median home price, so Mecklenburg County, VA sits at one end of an already wide local range rather than apart from it. Mecklenburg County, VA has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mecklenburg County, VA | 30,516 | $24,285 #4/4 | $822 #3/4 | 68.3% #3/4 |
| Vance County, NC | 42,305 | $134,971 | $882 | 60.1% |
| Warren County, NC | 18,783 | $281,001 | $789 | 69.3% |
| Granville County, NC | 60,874 | $113,314 | $1,008 | 77.1% |
Frequently Asked Questions
Common questions about the housing market in Mecklenburg County, Virginia.
What is the median home price in Mecklenburg County, Virginia?
The median home price in Mecklenburg County, Virginia is $24,285, lower than the Virginia average of $256,082.
What is the average home price in Mecklenburg County, Virginia?
The typical home price in Mecklenburg County, Virginia, reported as the median sale price, is $24,285. 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 Mecklenburg County, Virginia?
The median gross rent in Mecklenburg County, Virginia is $822 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Mecklenburg County in 2020?
In 2020, the median gross rent in Mecklenburg County, Virginia was $707 per month.
What is the price-to-rent ratio in Mecklenburg County, Virginia?
The price-to-rent ratio in Mecklenburg County, Virginia is about 2.5, meaning it would take roughly 2.5 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 Mecklenburg County.
Are home prices or rent rising faster in Mecklenburg County, Virginia?
Home prices and rent are moving in opposite directions in Mecklenburg County: home prices fell about 10.8% a year while rent rose about 2.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Mecklenburg County, Virginia?
48.0% of households in Mecklenburg County, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Mecklenburg County, Virginia?
The housing vacancy rate in Mecklenburg County, Virginia is 29.7%, higher than the Virginia average of 8.7%.
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