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 | Stafford County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $376,709 | $257,048 | $242,182 |
| Price Trend (Annual %) | 4.9% | 4.1% | 8.2% |
| Median Gross Rent | $1,924 | $1,514 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Stafford County is about 47% higher than in Virginia. Rent is about 27% higher 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 Stafford County, up about 4.9% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Stafford County rose about 33.3% between 2015 and 2023, from $1,444 to $1,924. Over the same span, rent in Virginia rose about 35.7%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Stafford County.
Buying the median-priced home in Stafford County costs roughly 16.3 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 Stafford County. The price-to-rent ratio in Virginia is about 14.2.
| Metric | Stafford County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $376,709 | $257,048 | $242,182 |
| Median Household Income | $134,295 | $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 Stafford County rose about 33.1%, while median household income rose about 48.0% 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 | Stafford County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.0% | 61.1% | 58.2% |
| Rental Rate | 18.3% | 29.9% | 31.3% |
| Vacancy Rate | 4.7% | 9.0% | 10.6% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Stafford County has a homeownership rate of 77.0%, higher than the Virginia average of 61.1%. Its housing vacancy rate is 4.7%, compared with 9.0% in Virginia.
Housing Stock
| Metric | Stafford County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.06 people | 2.53 people | 2.54 people |
| Median Structure Built Year | 1995 | 1981 | 1978 |
| Median Number of Rooms | 7.7 | 6.0 | 5.5 |
The typical housing unit in Stafford County was built around 1995. On average, 3.1 people live in a home with about 7.7 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Stafford County, Virginia.
What is the median home price in Stafford County, Virginia?
The median home price in Stafford County, Virginia is $376,709, higher than the Virginia average of $257,048.
What is the average home price in Stafford 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 Stafford County, Virginia?
The median gross rent in Stafford County, Virginia is $1,924 per month, higher than the Virginia average of $1,514.
What was the median gross rent in Stafford County in 2020?
In 2020, the median gross rent in Stafford County, Virginia was $1,559 per month.
What is the price-to-rent ratio in Stafford County, Virginia?
The price-to-rent ratio in Stafford County, Virginia is about 16.3, meaning it would take roughly 16.3 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 Stafford County.
Are home prices or rent rising faster in Stafford County, Virginia?
Both home prices and rent are rising in Stafford County, up about 4.9% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Stafford County, Virginia?
77.0% of households in Stafford County, Virginia own their home, higher than the Virginia average of 61.1%.
What is the vacancy rate in Stafford County, Virginia?
The housing vacancy rate in Stafford County, Virginia is 4.7%, lower than the Virginia average of 9.0%.