Staunton, Virginia Housing Market Prices
Staunton 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 2% below the Virginia median$251,695
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Median rent 35% below the Virginia median$1,023
Housing Market Overview
| Metric | Staunton | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $251,695 | $256,082 | $248,835 |
| Price Trend (Annual %) | 13.9% | 3.5% | 7.5% |
| Median Gross Rent | $1,023 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Staunton is about 2% lower than in Virginia. Rent is about 35% 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 Staunton, up about 13.9% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Staunton rose about 28.9% between 2015 and 2024, from $794 to $1,023. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Staunton.
Buying the median-priced home in Staunton costs roughly 20.5 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 Staunton. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Staunton | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $251,695 | $256,082 | $248,835 |
| Median Household Income | $66,216 | $93,527 | $80,455 |
| Price-to-Income Ratio | 3.8 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Staunton rose about 168.4%, while median household income rose about 45.1% 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 | Staunton | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.6% | 61.5% | 58.5% |
| Rental Rate | 35.6% | 29.8% | 31.2% |
| Vacancy Rate | 8.8% | 8.7% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Staunton has a homeownership rate of 55.6%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 8.8%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Staunton | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.13 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1963 | 1982 | 1978 |
| Median Number of Rooms | 5.8 | 6.0 | 5.5 |
The typical housing unit in Staunton was built around 1963. On average, 2.1 people live in a home with about 5.8 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Staunton, Virginia.
What is the median home price in Staunton, Virginia?
The median home price in Staunton, Virginia is $251,695, lower than the Virginia average of $256,082.
What is the average home price in Staunton, Virginia?
The typical home price in Staunton, Virginia, reported as the median sale price, is $251,695. 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 Staunton, Virginia?
The median gross rent in Staunton, Virginia is $1,023 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Staunton in 2020?
In 2020, the median gross rent in Staunton, Virginia was $863 per month.
What is the price-to-rent ratio in Staunton, Virginia?
The price-to-rent ratio in Staunton, Virginia is about 20.5, meaning it would take roughly 20.5 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 Staunton.
Are home prices or rent rising faster in Staunton, Virginia?
Both home prices and rent are rising in Staunton, up about 13.9% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Staunton, Virginia?
55.6% of households in Staunton, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Staunton, Virginia?
The housing vacancy rate in Staunton, Virginia is 8.8%, higher than the Virginia average of 8.7%.
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