Surry County, Virginia Housing Market Prices
Surry 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 75% below the Virginia median Cheaper than 89% of counties in Virginia$64,642
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Median rent 38% below the Virginia median$982
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Surry County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $64,642 | $256,082 | $248,835 |
| Price Trend (Annual %) | -4.1% | 3.5% | 7.5% |
| Median Gross Rent | $982 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 2.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Surry County is about 75% lower than in Virginia. Rent is about 38% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Surry County: home prices fell about 4.1% a year while rent rose about 2.5% a year. That is an unusual pattern worth watching.
Median rent in Surry County rose about 19.3% between 2015 and 2024, from $823 to $982. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Surry County.
Buying the median-priced home in Surry County costs roughly 5.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Surry County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Surry County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $64,642 | $256,082 | $248,835 |
| Median Household Income | $76,562 | $93,527 | $80,455 |
| Price-to-Income Ratio | 0.8 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Surry County fell about 74.6%, while median household income rose about 24.3% 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 | Surry County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.2% | 61.5% | 58.5% |
| Rental Rate | 16.8% | 29.8% | 31.2% |
| Vacancy Rate | 18.0% | 8.7% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Surry County has a homeownership rate of 65.2%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 18.0%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Surry County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1989 | 1982 | 1978 |
| Median Number of Rooms | 6.2 | 6.0 | 5.5 |
The typical housing unit in Surry County was built around 1989. On average, 2.3 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Surry County, VA Housing Compared With Nearby Counties
How Surry County, VA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Surry County, VA | 6,549 | $64,642 #3/3 | $982 #3/3 | 79.5% #2/3 |
| James City County, VA | 81,013 | $408,474 | $1,552 | 76.7% |
| Isle of Wight County, VA | 39,974 | $169,642 | $1,358 | 80.1% |
Frequently Asked Questions
Common questions about the housing market in Surry County, Virginia.
What is the median home price in Surry County, Virginia?
The median home price in Surry County, Virginia is $64,642, lower than the Virginia average of $256,082.
What is the average home price in Surry County, Virginia?
The typical home price in Surry County, Virginia, reported as the median sale price, is $64,642. 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 Surry County, Virginia?
The median gross rent in Surry County, Virginia is $982 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Surry County in 2020?
In 2020, the median gross rent in Surry County, Virginia was $837 per month.
What is the price-to-rent ratio in Surry County, Virginia?
The price-to-rent ratio in Surry County, Virginia is about 5.5, meaning it would take roughly 5.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Surry County.
Are home prices or rent rising faster in Surry County, Virginia?
Home prices and rent are moving in opposite directions in Surry County: home prices fell about 4.1% a year while rent rose about 2.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Surry County, Virginia?
65.2% of households in Surry County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Surry County, Virginia?
The housing vacancy rate in Surry County, Virginia is 18.0%, higher than the Virginia average of 8.7%.
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