Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Pulaski County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,650 | $257,048 | $242,182 |
| Price Trend (Annual %) | 4.1% | 4.1% | 8.2% |
| Median Gross Rent | $815 | $1,514 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pulaski County is about 35% lower than in Virginia. Rent is about 46% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Pulaski County, up about 4.1% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Pulaski County rose about 37.0% between 2015 and 2023, from $595 to $815. Over the same span, rent in Virginia rose about 35.7%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Pulaski County.
Buying the median-priced home in Pulaski County costs roughly 17.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Pulaski County. The price-to-rent ratio in Virginia is about 14.2.
| Metric | Pulaski County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,650 | $257,048 | $242,182 |
| Median Household Income | $60,911 | $91,409 | $78,145 |
| Price-to-Income Ratio | 2.8 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Pulaski County rose about 1.6%, while median household income rose about 58.6% between 2009 and 2023 — 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 | Pulaski County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.9% | 61.1% | 58.2% |
| Rental Rate | 23.5% | 29.9% | 31.3% |
| Vacancy Rate | 15.6% | 9.0% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Pulaski County has a homeownership rate of 60.9%, about the same as the Virginia average of 61.1%. Its housing vacancy rate is 15.6%, compared with 9.0% in Virginia.
Housing Stock
| Metric | Pulaski County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.53 people | 2.54 people |
| Median Structure Built Year | 1975 | 1981 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Pulaski County was built around 1975. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pulaski County, Virginia.
What is the median home price in Pulaski County, Virginia?
The median home price in Pulaski County, Virginia is $167,650, lower than the Virginia average of $257,048.
What is the average home price in Pulaski County, Virginia?
The typical home price in %s, reported as the median sale price, is %s. 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 Pulaski County, Virginia?
The median gross rent in Pulaski County, Virginia is $815 per month, lower than the Virginia average of $1,514.
What was the median gross rent in Pulaski County in 2020?
In 2020, the median gross rent in Pulaski County, Virginia was $748 per month.
What is the price-to-rent ratio in Pulaski County, Virginia?
The price-to-rent ratio in Pulaski County, Virginia is about 17.1, meaning it would take roughly 17.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Pulaski County.
Are home prices or rent rising faster in Pulaski County, Virginia?
Both home prices and rent are rising in Pulaski County, up about 4.1% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pulaski County, Virginia?
60.9% of households in Pulaski County, Virginia own their home, about the same as the Virginia average.
What is the vacancy rate in Pulaski County, Virginia?
The housing vacancy rate in Pulaski County, Virginia is 15.6%, higher than the Virginia average of 9.0%.