Prince George County, Virginia Housing Market Prices
Prince George 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 71% below the Virginia median Cheaper than 86% of counties in Virginia$73,953
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Median rent 1% above the Virginia median More expensive than 85% of counties in Virginia$1,593
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Prince George County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $73,953 | $256,082 | $248,835 |
| Price Trend (Annual %) | -0.6% | 3.5% | 7.5% |
| Median Gross Rent | $1,593 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Prince George County is about 71% lower than in Virginia. Rent is about 1% higher 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 Prince George County: home prices fell about 0.6% a year while rent rose about 3.0% a year. That is an unusual pattern worth watching.
Median rent in Prince George County rose about 25.2% between 2015 and 2024, from $1,273 to $1,593. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Prince George County.
Buying the median-priced home in Prince George County costs roughly 3.9 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 Prince George County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Prince George County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $73,953 | $256,082 | $248,835 |
| Median Household Income | $87,311 | $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 Prince George County fell about 49.1%, while median household income rose about 23.4% 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 | Prince George County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.0% | 61.5% | 58.5% |
| Rental Rate | 24.5% | 29.8% | 31.2% |
| Vacancy Rate | 4.5% | 8.7% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Prince George County has a homeownership rate of 71.0%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 4.5%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Prince George County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1979 | 1982 | 1978 |
| Median Number of Rooms | 6.6 | 6.0 | 5.5 |
The typical housing unit in Prince George County was built around 1979. On average, 2.7 people live in a home with about 6.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Prince George County, Virginia.
What is the median home price in Prince George County, Virginia?
The median home price in Prince George County, Virginia is $73,953, lower than the Virginia average of $256,082.
What is the average home price in Prince George County, Virginia?
The typical home price in Prince George County, Virginia, reported as the median sale price, is $73,953. 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 Prince George County, Virginia?
The median gross rent in Prince George County, Virginia is $1,593 per month, higher than the Virginia average of $1,579.
What was the median gross rent in Prince George County in 2020?
In 2020, the median gross rent in Prince George County, Virginia was $1,377 per month.
What is the price-to-rent ratio in Prince George County, Virginia?
The price-to-rent ratio in Prince George County, Virginia is about 3.9, meaning it would take roughly 3.9 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 Prince George County.
Are home prices or rent rising faster in Prince George County, Virginia?
Home prices and rent are moving in opposite directions in Prince George County: home prices fell about 0.6% a year while rent rose about 3.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Prince George County, Virginia?
71.0% of households in Prince George County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Prince George County, Virginia?
The housing vacancy rate in Prince George County, Virginia is 4.5%, lower than the Virginia average of 8.7%.
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