Powhatan County, Virginia Housing Market Prices
Powhatan 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 93% below the Virginia median Among the top 3 cheapest counties in Virginia$19,038
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Median rent 26% below the Virginia median$1,168
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Powhatan County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $19,038 | $256,082 | $248,835 |
| Price Trend (Annual %) | 0.1% | 3.5% | 7.5% |
| Median Gross Rent | $1,168 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Powhatan County is about 93% lower than in Virginia. Rent is about 26% 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 Powhatan County, up about 0.1% and 3.0% a year respectively. Rent is changing faster.
Median rent in Powhatan County rose about 20.4% between 2015 and 2024, from $970 to $1,168. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Powhatan County.
Buying the median-priced home in Powhatan County costs roughly 1.4 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 Powhatan County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Powhatan County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $19,038 | $256,082 | $248,835 |
| Median Household Income | $109,252 | $93,527 | $80,455 |
| Price-to-Income Ratio | 0.2 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Powhatan County fell about 75.5%, while median household income rose about 39.6% 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 | Powhatan County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 87.8% | 61.5% | 58.5% |
| Rental Rate | 6.4% | 29.8% | 31.2% |
| Vacancy Rate | 5.8% | 8.7% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Powhatan County has a homeownership rate of 87.8%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 5.8%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Powhatan County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1995 | 1982 | 1978 |
| Median Number of Rooms | 6.9 | 6.0 | 5.5 |
The typical housing unit in Powhatan County was built around 1995. On average, 2.7 people live in a home with about 6.9 rooms, staying for about 16.0 years on average.
Powhatan County, VA Housing Compared With Nearby Counties
How Powhatan County, VA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Powhatan County, VA | 31,555 | $19,038 #3/3 | $1,168 #3/3 | 93.2% #1/3 |
| Goochland County, VA | 26,549 | $2,168,607 | $1,609 | 84.9% |
| Chesterfield County, VA | 377,744 | $259,447 | $1,629 | 76.7% |
Frequently Asked Questions
Common questions about the housing market in Powhatan County, Virginia.
What is the median home price in Powhatan County, Virginia?
The median home price in Powhatan County, Virginia is $19,038, lower than the Virginia average of $256,082.
What is the average home price in Powhatan County, Virginia?
The typical home price in Powhatan County, Virginia, reported as the median sale price, is $19,038. 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 Powhatan County, Virginia?
The median gross rent in Powhatan County, Virginia is $1,168 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Powhatan County in 2020?
In 2020, the median gross rent in Powhatan County, Virginia was $1,125 per month.
What is the price-to-rent ratio in Powhatan County, Virginia?
The price-to-rent ratio in Powhatan County, Virginia is about 1.4, meaning it would take roughly 1.4 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 Powhatan County.
Are home prices or rent rising faster in Powhatan County, Virginia?
Both home prices and rent are rising in Powhatan County, up about 0.1% and 3.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Powhatan County, Virginia?
87.8% of households in Powhatan County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Powhatan County, Virginia?
The housing vacancy rate in Powhatan County, Virginia is 5.8%, lower than the Virginia average of 8.7%.
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