Rockingham County, Virginia Housing Market Prices
Rockingham 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 19% above the Virginia median$304,906
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Median rent 27% below the Virginia median$1,160
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Rockingham County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $304,906 | $256,082 | $248,835 |
| Price Trend (Annual %) | 4.9% | 3.5% | 7.5% |
| Median Gross Rent | $1,160 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rockingham County is about 19% higher than in Virginia. Rent is about 27% 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 Rockingham County, up about 4.9% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Rockingham County rose about 43.4% between 2015 and 2024, from $809 to $1,160. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Rockingham County.
Buying the median-priced home in Rockingham County costs roughly 21.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Rockingham County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Rockingham County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $304,906 | $256,082 | $248,835 |
| Median Household Income | $81,577 | $93,527 | $80,455 |
| Price-to-Income Ratio | 3.7 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rockingham County rose about 42.2%, while median household income rose about 50.0% 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 | Rockingham County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.3% | 61.5% | 58.5% |
| Rental Rate | 22.1% | 29.8% | 31.2% |
| Vacancy Rate | 10.6% | 8.7% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Rockingham County has a homeownership rate of 67.3%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 10.6%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Rockingham County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1984 | 1982 | 1978 |
| Median Number of Rooms | 6.1 | 6.0 | 5.5 |
The typical housing unit in Rockingham County was built around 1984. On average, 2.6 people live in a home with about 6.1 rooms, staying for about 15.0 years on average.
Rockingham County, VA Housing Compared With Nearby Counties
How Rockingham County, VA compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Rockingham County, VA | 85,561 | $304,906 #1/2 | $1,160 #1/2 | 75.3% #2/2 |
| Augusta County, VA | 78,033 | $304,780 | $1,135 | 80.2% |
Frequently Asked Questions
Common questions about the housing market in Rockingham County, Virginia.
What is the median home price in Rockingham County, Virginia?
The median home price in Rockingham County, Virginia is $304,906, higher than the Virginia average of $256,082.
What is the average home price in Rockingham County, Virginia?
The typical home price in Rockingham County, Virginia, reported as the median sale price, is $304,906. 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 Rockingham County, Virginia?
The median gross rent in Rockingham County, Virginia is $1,160 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Rockingham County in 2020?
In 2020, the median gross rent in Rockingham County, Virginia was $938 per month.
What is the price-to-rent ratio in Rockingham County, Virginia?
The price-to-rent ratio in Rockingham County, Virginia is about 21.9, meaning it would take roughly 21.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Rockingham County.
Are home prices or rent rising faster in Rockingham County, Virginia?
Both home prices and rent are rising in Rockingham County, up about 4.9% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rockingham County, Virginia?
67.3% of households in Rockingham County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Rockingham County, Virginia?
The housing vacancy rate in Rockingham County, Virginia is 10.6%, higher than the Virginia average of 8.7%.
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