Sussex County, Virginia Housing Market Prices
Sussex 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 41% below the Virginia median$151,042
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Median rent 43% below the Virginia median$907
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sussex County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $151,042 | $256,082 | $248,835 |
| Price Trend (Annual %) | 12.1% | 3.5% | 7.5% |
| Median Gross Rent | $907 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 2.8% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sussex County is about 41% lower than in Virginia. Rent is about 43% 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 Sussex County, up about 12.1% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Sussex County rose about 24.7% between 2015 and 2024, from $727 to $907. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Sussex County.
Buying the median-priced home in Sussex County costs roughly 13.9 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 Sussex County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Sussex County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $151,042 | $256,082 | $248,835 |
| Median Household Income | $65,425 | $93,527 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sussex County rose about 27.2%, while median household income rose about 62.8% 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 | Sussex County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.1% | 61.5% | 58.5% |
| Rental Rate | 24.3% | 29.8% | 31.2% |
| Vacancy Rate | 19.6% | 8.7% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Sussex County has a homeownership rate of 56.1%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 19.6%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Sussex County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1984 | 1982 | 1978 |
| Median Number of Rooms | 5.8 | 6.0 | 5.5 |
The typical housing unit in Sussex County was built around 1984. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sussex County, Virginia.
What is the median home price in Sussex County, Virginia?
The median home price in Sussex County, Virginia is $151,042, lower than the Virginia average of $256,082.
What is the average home price in Sussex County, Virginia?
The typical home price in Sussex County, Virginia, reported as the median sale price, is $151,042. 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 Sussex County, Virginia?
The median gross rent in Sussex County, Virginia is $907 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Sussex County in 2020?
In 2020, the median gross rent in Sussex County, Virginia was $834 per month.
What is the price-to-rent ratio in Sussex County, Virginia?
The price-to-rent ratio in Sussex County, Virginia is about 13.9, meaning it would take roughly 13.9 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 Sussex County.
Are home prices or rent rising faster in Sussex County, Virginia?
Both home prices and rent are rising in Sussex County, up about 12.1% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sussex County, Virginia?
56.1% of households in Sussex County, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Sussex County, Virginia?
The housing vacancy rate in Sussex County, Virginia is 19.6%, higher than the Virginia average of 8.7%.
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