Nottoway County, Virginia Housing Market Prices
Nottoway 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 79% below the Virginia median Cheaper than 91% of counties in Virginia$52,500
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Median rent 38% below the Virginia median$972
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Nottoway County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $52,500 | $256,082 | $248,835 |
| Price Trend (Annual %) | 19.9% | 3.5% | 7.5% |
| Median Gross Rent | $972 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nottoway County is about 79% lower than in Virginia. Rent is about 38% 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 Nottoway County, up about 19.9% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Nottoway County rose about 24.3% between 2015 and 2024, from $782 to $972. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Nottoway County.
Buying the median-priced home in Nottoway County costs roughly 4.5 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 Nottoway County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Nottoway County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $52,500 | $256,082 | $248,835 |
| Median Household Income | $63,094 | $93,527 | $80,455 |
| Price-to-Income Ratio | 0.8 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Nottoway County fell about 7.7%, while median household income rose about 38.3% 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 | Nottoway County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.4% | 61.5% | 58.5% |
| Rental Rate | 27.8% | 29.8% | 31.2% |
| Vacancy Rate | 16.9% | 8.7% | 10.2% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Nottoway County has a homeownership rate of 55.4%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 16.9%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Nottoway County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1976 | 1982 | 1978 |
| Median Number of Rooms | 5.6 | 6.0 | 5.5 |
The typical housing unit in Nottoway County was built around 1976. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Nottoway County, Virginia.
What is the median home price in Nottoway County, Virginia?
The median home price in Nottoway County, Virginia is $52,500, lower than the Virginia average of $256,082.
What is the average home price in Nottoway County, Virginia?
The typical home price in Nottoway County, Virginia, reported as the median sale price, is $52,500. 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 Nottoway County, Virginia?
The median gross rent in Nottoway County, Virginia is $972 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Nottoway County in 2020?
In 2020, the median gross rent in Nottoway County, Virginia was $724 per month.
What is the price-to-rent ratio in Nottoway County, Virginia?
The price-to-rent ratio in Nottoway County, Virginia is about 4.5, meaning it would take roughly 4.5 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 Nottoway County.
Are home prices or rent rising faster in Nottoway County, Virginia?
Both home prices and rent are rising in Nottoway County, up about 19.9% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Nottoway County, Virginia?
55.4% of households in Nottoway County, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Nottoway County, Virginia?
The housing vacancy rate in Nottoway County, Virginia is 16.9%, higher than the Virginia average of 8.7%.
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