Short Pump, Virginia Housing Market Prices
Short Pump 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 47% above the Virginia median$376,313
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Median rent 16% above the Virginia median$1,831
Housing Market Overview
| Metric | Short Pump | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $376,313 | $256,082 | $248,835 |
| Price Trend (Annual %) | 34.4% | 3.5% | 7.5% |
| Median Gross Rent | $1,831 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Short Pump is about 47% higher than in Virginia. Rent is about 16% higher 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 Short Pump, up about 34.4% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Short Pump rose about 44.7% between 2015 and 2024, from $1,265 to $1,831. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Short Pump.
Buying the median-priced home in Short Pump 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 Short Pump. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Short Pump | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $376,313 | $256,082 | $248,835 |
| Median Household Income | $143,408 | $93,527 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Short Pump rose about 102.4%, while median household income rose about 36.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Short Pump | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.3% | 61.5% | 58.5% |
| Rental Rate | 37.5% | 29.8% | 31.2% |
| Vacancy Rate | 4.2% | 8.7% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Short Pump has a homeownership rate of 58.3%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 4.2%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Short Pump | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1999 | 1982 | 1978 |
| Median Number of Rooms | 6.7 | 6.0 | 5.5 |
The typical housing unit in Short Pump was built around 1999. On average, 2.5 people live in a home with about 6.7 rooms, staying for about 11.0 years on average.
Short Pump, VA Housing Compared With Nearby Cities
How Short Pump, VA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Short Pump, VA | 29,225 | $376,313 #1/2 | $1,831 #1/2 | 60.9% #2/2 |
| Tuckahoe, VA | 49,193 | $310,138 | $1,540 | 63.3% |
Frequently Asked Questions
Common questions about the housing market in Short Pump, Virginia.
What is the median home price in Short Pump, Virginia?
The median home price in Short Pump, Virginia is $376,313, higher than the Virginia average of $256,082.
What is the average home price in Short Pump, Virginia?
The typical home price in Short Pump, Virginia, reported as the median sale price, is $376,313. 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 Short Pump, Virginia?
The median gross rent in Short Pump, Virginia is $1,831 per month, higher than the Virginia average of $1,579.
What was the median gross rent in Short Pump in 2020?
In 2020, the median gross rent in Short Pump, Virginia was $1,437 per month.
What is the price-to-rent ratio in Short Pump, Virginia?
The price-to-rent ratio in Short Pump, 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 Short Pump.
Are home prices or rent rising faster in Short Pump, Virginia?
Both home prices and rent are rising in Short Pump, up about 34.4% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Short Pump, Virginia?
58.3% of households in Short Pump, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Short Pump, Virginia?
The housing vacancy rate in Short Pump, Virginia is 4.2%, lower than the Virginia average of 8.7%.
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